“I WON:” David Bernstein comments:

Obama won by, among other things, promising a net decrease in federal spending. Here he is during the third debate: “what I’ve done throughout this campaign is to propose a net spending cut…. What I want to emphasize … is that I have been a strong proponent of pay-as-you-go. Every dollar that I’ve proposed, I’ve proposed an additional cut so that it matches.”

Obama would have a much better case for Republican deference to his spending plans if he had actually campaigned in favor of the most massive increase in federal spending, ever, instead of as a budget-cutter.

Indeed.