Big Government deficit spending undermines U.S. competitiveness President Obama warns Republican policies will turn America into a Third World country. Look who’s talking. On a campaign fundraising trip to Chicago, Mr. Obama quipped that under the proposed Republican budget plan, “we would be a nation of potholes, and our airports would be worse than places that we thought - that we used to call the Third World, but who are now investing in infrastructure.” He failed to elaborate on which developing countries he thinks should be models for the United States, but his policies have secured America’s status as part...