Obama wins round I
Conservatives in the House of Representatives really had no choice but to postpone debate over increasing the national debt ceiling, as they voted on Wednesday to do. President Barack Obama and liberals in the U.S. Senate have won the public relations battle over whether to cut government spending, as the conservatives want.
But the national debt is nearly $16.5 trillion and growing by leaps and bounds. Tax increases demanded by Obama have been enacted, but very few spending cuts are on the horizon.
Obama had demanded Congress increase the debt ceiling with no requirement for spending cuts. The House did that, providing a four-month extension if only the Senate will approve a budget something it has not even debated since 2009.
So the tax-and-spend crowd has won again.