Under Obama, the deficit has decreased more and faster than at any time since the end of WWII. The debt ceiling is not Obama’s, since he doesn’t set spending levels. It’s the congress’ problem, and they’ll need to deal with it. Either cut 40% of all government spending (including Defense) in a recession, or raise taxes to unprecedented amounts in a recession, or recognize reality — in a recession, you need to spend money. Then you need to KEEP TAXES UP when the economy is doing well to pay down the debt. What are the chances THIS Republican congress can recognize reality?