In retrospect, this video is laugh-out-loud funny. Behold, then-Senator Obama inveighing against "runaway spending and record deficits" in 2008:
"Runaway spending and record deficits are not how families run their budgets; it can't be how Washington handles people's tax dollars."
Runaway spending and record deficits, huh? Parting thought: Is President Obama open to returning to...











Flashback: Obama Urges 1990s-Style Fiscal Restraint in 2008