By Robert Presser on February 5, 2009
Many around the world celebrated as they watched the inauguration festivities in Washington DC. Barack Obama warned Americans that the challenges they face as a nation are numerous and grave, requiring individual sacrifice and difficult choices to plot a path back to prosperity. While he spent a few minutes speaking to the world, he avoided asking them for their contribution to America’s renewal; the purchase of $5 trillion of new US debt to cover a half decade of enormous budget deficits.,,
