President Obama Should Stick to New Year's Resolution on the Debt

President Obama Should Stick to New Year's Resolution on the Debt

If you are still sticking with your New Year’s resolutions, congratulations. If, instead, you are warily eyeing the layer of dust on your new elliptical machine, take heart: everyone has a hard time with their resolutions. Even presidents.

Last year, Barack Obama made some headlines when he vowed to “get serious” about reducing the national deficit in 2010. But here we are at the beginning of February, faced with the fact that Congress just passed the biggest increase in the national debt in American history. In a move equivalent to calling up Visa and begging for an extension on a...