We cannot ignore our debt

This week, President Obama delivered the annual State of the Union address to a joint session of Congress. The speech is a great tradition and it is an important opportunity for the President to share his vision with Congress and the American people. While there were positive elements of the speech, I was disappointed President Obama did not say anything to indicate he has a serious plan to address our nation’s most urgent problem – out-of-control federal spending and debt.

In fact, the President seemed to double down on the same tax, spending, and regulatory policies which have faile...