• To be fair, Obama is right: Nowhere in the Constitution does it say that Congress has to declare kinetic military action.
• The Congressional Budget Office released an analysis of the president’s budget. It projects that the last budget of this presidential term will feature a deficit of $1.2 trillion. Obama will be the first president to run trillion-dollar deficits four years in a row. Federal debt as a share of the economy will rise remorselessly. (It hits 80 percent by 2016.) President Obama is not responsible for enacting the entitlements that are driving these trends. But instead of constructively reforming …
