John Hinderaker at Power Line writes,
Barack Obama is leading the country down a path to bankruptcy, as the federal government spends trillions of dollars that we don’t have. Does the impending fiscal crisis deter him from more excesses? Of course not! Unless he is stopped by the voters, Obama will borrow and spend until the United States of America is–economically speaking–only a memory.
As usual, Michael Ramirez puts the day’s headlines in perspective: