Obama Blames Bush, Warns of 'Armageddon'
PRESIDENT BARACK OBAMA: It turns out we donâ€™t have to do anything radical to solve this problem. Contrary to what some folks say, weâ€™re not Greece, weâ€™re not Portugal. It turns out that our problem is we cut taxes without paying for them over the last decade. We ended up instituting new programs, like a prescription drug program for seniors that was not paid for. We fought two wars, we didnâ€™t pay for them. We had a bad recession that required a Recovery Act and stimulus spending and helping states, accumulated, and thereâ€™s interest on top of that. And to unwind that, whatâ€™s required is that we roll back those tax cuts on the wealthiest individuals. ( Read more at Fox Nation )