A couple of back-to-back statements by President Obama at a town hall rally in Des Moines, Iowa, tell us all we need to know about his economic philosophy and that we aren't going to climb out of his recession and begin to slow the growth of the national debt as long as he's calling the shots.

Voters, he said, tell him to "cut government spending." But "most spending is for veterans, for education, for defense. ... Finding $700 billion is not easy."A couple of back-to-back statements by President Obama at a town hall rally in Des Moines, Iowa, tell us all we need to know about his economic philosophy and that we aren't going to climb out of his recession and begin to slow the growth of the national debt as long as he's calling the shots.

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