Much of President Barack Obama's mercifully brief second inaugural address yesterday was familiar to anyone who has been listening to his rhetoric and policy ideas since 2007.Once again, the president rejected the false choice between "caring for the generation that built this country and investing in the generation that will build its future," a formulation that simultaneously waves aside the relentless growth of entitlement spending (from 37 percent of federal outlays today to a projected 50 percent by 2030) and valorizes Washington's other frequently wasteful...
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