Obama: What, I already made huge spending cuts

Published June 14, 2011 4:00am ET



His Today Show interview does not bode well for the budget negotiations — nor, I would suggest, for his own political future.

Well keep in mind, we’ve already made deep spending cuts.  I proposed a freeze on federal spending during the last threatened government shutdown, we made some really tough cuts on some programs that I actually think make a big difference.

If we’re going to have to be content with the underwhelming cuts from earlier this year, then we’re probably on our way to default anyway.