And that is the problem in a nutshell.
However, I take exception to your calling him a liar. That may only be true if he and his Progressive movement are intentionally trying to bancrupt the nation for the sake of some higher cause only they can see. But I believe these people merely believe their policies can actualy strengthen and rebuild the economy and our living standards.
The President is as inept as Pelosi/Reid. This is the best we can expect from this government.