President Barack Obama took office promising to lead from the center and solve big problems. He has exerted enormous political energy attempting to reform the nation’s health-care system. But the biggest economic problem facing the nation is not health care. It’s the deficit. Recently, the White House signaled that it will get serious about reducing the deficit next year—after it locks into place massive new health-care entitlements. This is a recipe for disaster, as it will create a new appetite for increased spending and yet another powerful interest group to oppose deficit-reduction measures.

Our fiscal situation has deteriorated rapidly in just the past few years. The federal government ran a 2009 deficit of $1.4 trillion—the highest since World War II—as spending reached nearly 25% of GDP and total revenues fell below 15% of GDP. Shortfalls like these have not been seen in more than 50 years.

Going forward, there is no relief in sight, as spending far outpaces revenues and the federal budget is projected to be in enormous deficit every year. Our national debt is projected to stand at $17.1 trillion 10 years from now, or over $50,000 per American. By 2019, according to the Congressional Budget Office’s (CBO) analysis of the president’s budget, the budget deficit will still be roughly $1 trillion, even though the economic situation will have improved and revenues will be above historical norms.

[…]

What to do? The best option would be for the president to halt Congress’s rush to fiscal suicide, and refocus on slowing the dangerous growth in Social Security, Medicare and Medicaid. He should call on Congress to pass a comprehensive reform of our income and payroll tax systems that would generate revenue sufficient to fund its spending desires in a pro-growth and fair fashion.

Reducing entitlement spending and closing tax loopholes to create a fairer tax system with more balanced revenues is politically difficult and requires sacrifice. But we will avert a potentially devastating credit crisis, increase national savings, drive productivity and wage growth, and enhance our international competitiveness.

The time to worry about the deficit is not next year, but now. There is no time to waste.

When Alabama Congressman Artur Davis voted against the health-care bill that passed the House earlier this month, he probably expected some grief from fellow Democrats. But he couldn’t have anticipated being accused of selling out his race.

Mr. Davis was the only black Member to oppose the legislation, and his vote earned him a rebuke from Jesse Jackson at a Congressional Black Caucus Foundation reception Wednesday night. “We even have blacks voting against the health-care bill,” said Mr. Jackson. “You can’t vote against health care and call yourself a black man.”

Mr. Davis is running for governor in a state that John McCain won last year, and his vote was surely influenced by the reality that Alabamans aren’t the biggest fans of ObamaCare. The Congressmen, to his credit, took the high ground in response to Mr. Jackson’s low blow. “One of the reasons that I like and admire Rev. Jesse Jackson is that 21 years ago he inspired the idea that a black politician would not be judged simply as a black leader,” he said in a statement referencing Mr. Jackson’s 1988 Presidential bid. “The best way to honor Rev. Jackson’s legacy is to decline to engage in an argument with him that begins and ends with race.”

“If they take them back, this the end of the road for what Barack and I are trying to do,” the vice president said at a fundraiser for Rep. Gabrielle Giffords (D-AZ) today in Greenville, Delaware.

Republicans need to pick up 40 seats next November to take back control of the House.

There are 49 seats currently held by Democrats in districts that Sen. John McCain (R-Ariz) won in last year’s presidential election.

Biden said these House seats are Republicans “one shot” at breaking the Obama administration’s agenda. But if Democrats can hold on to those seats, “the dam is going to break,” he said, and a new era of bipartisanship will begin.

“All the hidden Republicans that don’t have the courage to vote the way they want to vote because of pressure from the party … it will break the dam and you will see bipartisanship,” Biden said.

The 2,074-page Senate health care bill would take 34 hours to read cover to cover — and that’s just what Sen. Tom Coburn wants done on the Senate floor.

The Oklahoma Republican has threatened to invoke parliamentary rules to force the Senate clerk (or more likely, a team of clerks) to read the massive bill before the full Senate begins formal debate on the legislation.

The move is strictly according to Senate rules, which say any senator can demand a bill be read in its entirety before debate begins. While Democrats could, if they wish, repeatedly make motions to end the soliloquy, Republicans on the floor could object, and the reading would continue.

What’s even more interesting is that Senate Rule XIV (paragraph 2) states that every bill and joint resolution “shall receive three readings prior to its passage.”