SPENDING UPDATE: Obama’s Funny Numbers. “Last Friday, the Congressional Budget Office put out a report that showed just how badly the administration underestimated the deficit and the cost of ObamaCare. . . . The CBO report comes at a particularly inopportune time for the White House. Members of Congress on both sides of the aisle accuse the president of failing to lead. And indeed with Obama gallivanting around South America, not leading on Libya and not leading on our fiscal problems, it’s hard to see anything at work other than an ill-conceived plan to get re-elected by doing nothing.”