Is America on the road to ruin? In tonight’s Talking Points Memo, Bill O’Reilly addressed federal spending and debt. Instead of acknowledging there’s a problem, O’Reilly said, President Obama touted himself as an investor in last night’s State of the Union address.

The president referenced investing over a dozen times in his speech.

He said the government needs to invest in things like early childhood education, job-creating investments in science, American energy, and so on.
“Every honest America knows the feds are spending far too much and the country may well go into bankruptcy if restraints are not imposed,” O’Reilly forewarned.

“Do the Democrats think we’re stupid? Apparently, they do. And they may be right,” O’Reilly said. “President Obama’s an honest man in the sense that he has never denied, never denied that he wants to create a huge government colossus and spend trillions of dollars on entitlements. […] Let the tax money flow.”