Obama’s Spending, Debt, Taxes Will Lower America’s Standard of Living

Stuart Varney says, “America’s standard of living, especially for Middle Class America, is likely to stagnate or drop due to the Obama administration’s spending and debt.”

Varney is the British economic journalist, currently working for the Fox News Channel.

He said he expects taxes to go up to pay for all the spending and debt and anticipates a recovery.

But he has concerns that the recovery will not return average wage earners to the prosperity they once enjoyed due to new taxes and inflation…..


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