Who would have thought that President Obama would turn to stand up comedy in order to boost his sagging ratings? I realize that we're facing an untenable fiscal situation. There was a $1.3 trillion deficit staring at me when I took office, and although the economic crisis and the steps we took to stop the freefall temporarily added to our fiscal challenges, it's clear that we're going to have to get serious about the deficit. And that's why I've proposed a three-year freeze on non-security discretionary spending. That's why I've launched a bipartisan deficit reduction commission, which will be reporting in a few months.As Matt Welch interjects, "Keen government observers and other Jane's Addiction fans know what's coming next: The big "but":What I won't do is cut back on investments like education that are directly related to our long-term economic performance. Now is not the time to sacrifice our competitive edge in the global economy.Welch again:A-ha. Because...(Read Full Post)