Tonight on The Last Word: Republicans obsess over a spy balloon while threatening the economy. Also, the Biden administration previews the president's State of the Union address. Plus, Trump remains a defendant in multiple civil cases. And incidents of antisemitism are on the rise in Georgia. Ben Rhodes, Gene Sperling, White House Comms. Dir. Kate Bedingfield, Andrew Weissmann and Georgia State Rep. Esther Panitch join Lawrence O'Donnell.