From a report at the link below:
Apparently, President Obama never got around to reading the final report of his own deficit commission.
How else to explain his belief that federal spending isn't the cause of the nation's debt crisis?
Mr. Obama told House Speaker John Boener, “we don't have a spending problem.”
That would be news to Obama's debt commission, which in its final report made clear that spending is the driving force behind the nation's debt crisis.
Here's what the report said: "Even after the economy recovers, federal spending is projected to increase faster than revenues, so the government will have to continue borrowing money to spend."