Obama Falls Short of Dealing with Deficit -- He talks the talk of fiscal-responsibility even as he ignores economic reality.

This Wall Street Journal article tells how Obama talks as if he has that old-time fiscal-responsibility religion, but the president has yet to acknowledge blunt arithmetic reality. It notes:

U.S. President Barack Obama talks as if he has that old-time fiscal-responsibility religion. "If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road," he has said. "As our interest payments rise, our obligations come due, confidence in our economy erodes and our children and our grandchildren are unable to pursue their dreams because they are saddled with our debts." But the president has yet to acknowledge blunt arithmetic reality: He almost surely will be unable to deliver on ambitious plans for federal spending while reducing the long-run budget deficit to a prudent level and keeping his pledge not to raise taxes on families with incomes under $250,000 a year.