Yes, Mr. President, We Have a Spending Problem

By Investor's Business Daily, Investor's Business Daily - January 8, 2013

Deficits: Apparently, President Obama never got around to reading the final report of his own deficit commission. How else to explain his belief that federal spending isn't the cause of the nation's debt crisis?

That's apparently what Obama told House Speaker John Boehner during their recent "fiscal cliff" negotiations.

"At one point several weeks ago," Boehner told the Wall Street Journal, "the president said to me, 'We don't have a spending problem.'"

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