How to Pay for the Spending Obama Wants

If Barack Obama wins reelection in the face of a mediocre economy, it will be hard not to interpret his victory as a rejection of the massive domestic spending cuts at the heart of the Ryan budget.  Premium support for Medicare?  Block grants for Medicaid?  Repealing Obamacare?  Massive reductions in food stamps?  Private accounts in Social Security?  Forget about them.