Fearing Defeat, Obama Now Says He’s Focused on Deficits and Debt

Fearing Defeat, Obama Now Says He’s Focused on Deficits and Debt

WASHINGTON - The latest sign President Obama fears he's headed for defeat came this week when he said he'd seek a "grand bargain" with Republicans to reduce a $16 trillion debt.

Over the course of his campaign, Obama has ignored the monstrous debt he's piled up over the past four years in an orgy of unprecedented annual spending increases and budget deficits. Now, with little more than a week left before Election Day, and the presidential race in a dead heat, he suddenly wants a compromise with Republican leaders in Congress to curb spending and borrowing.

Well, he's...