President Obama Talking 'Fiscal Responsibility' While D.C. Spends Trillions

Charles Payne, WStreet.com: I don't see how President Obama's budget is going to happen. He takes into account incredibly rosy assumptions. I don't think taxing the rich is going to help. The deficit with this budget will be $1.8 trillion. That's what they're telling us--it could end up being much higher. This budget just isn't realistic. President Obama keeps giving into peer pressure. As long as people like Nancy Pelosi keep getting to push their social agendas, we're in trouble.

Tax Hikes on the Rich, Longer Recession for Everyone?

Charles Payne: New York City is a prime example of what happens when the rich stop spending. There is a major negative trickle down effect. Obama and his team keep mentioning shared sacrifice. It is not. They have to stop using that word. Only one group of people is making all these sacrifices -- the rich -- and it'll backfire. And people who aren't rich are going to start losing their tax credits for first-time home buys.

Best Money Plan for States: Don't Take Any Stimulus Cash?

Charles Payne: Vice President Biden's claim to embarrass states that don't spend the stimulus properly definitely sounds like a threat. Every state is different. We've seen what has happened to the banks that took government money. It's like signing a deal with the devil. You're going to regret it. States would be wise not to take this money.

Recession Busters

Charles Payne: Rent-A-Center (RCII)

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