White House Press Secretary Jay Carney did not deny President Barack Obama, who oversaw a $5.8 trillion increase in the national debt during his first term, believed the country did not have a spending problem.
The Wall Street Journal reported on Jan. 6 about a conversation between Obama and House Speaker John Boehner (R-Ohio). In the article, Boehner said Obama told him, “We don’t have a spending problem.” The article quotes Boehner saying Obama told him the problem is limited to health care spending.
Read more.