As we all know, Barack Obama likes to make history. It pleases him immensely that he's the first African American president. He nearly swooned at the podium when he announced the "historic" passage of national health insurance reform. And his sweeping "FinReg" bill brought out that word again - history - as it was also the first time that a president made such an announcement as a rat scurried in front of his teleprompter.There's "history" - and then there's history. From an IDB editorial: I wonder what he thinks of his Democratic colleagues who, for the first time in history, refusing to present a budget for consideration by Congress? By some estimates, we need to find $107 trillion over the next 75 years to fund all our promises. In the next 10 years alone, deficits will exceed $10 trillion - lifting annual debt payments by 300% to more than $900 billion a year.Given such a grim outlook, Congress should be in crisis mode, right? Wrong. In fact, our...(Read Full Post)