Charles Krauthammer writes on NRO: The rout was complete, the retreat disorderly. President Obama got his tax hikes - naked of spending cuts - passed by the ostensibly Republican House of Representatives. After which, you might expect him to pivot to his self-proclaimed "principle" of fiscal "balance" by taking the lead on reducing spending.
Because he has no interest in them. He’s a visionary, not an accountant. Sure, he’ll pretend to care about deficits, especially while running for reelection. But now that he’s past the post, he’s free to be himself — a committed big-government social democrat.