As Obama admitted there is still no long term plan for tax reform or the absolutely necessary spending cuts we require.

FORBES: 'I Will Ask For More Tax Increases on the Rich Later,' Obama Promises

President Obama admitted as much when he stated that he wanted more spending to offset the negative effect of higher tax rates.

FORBES: Keynes Would Not Raise Taxes Today

Much of that spending, Obama admitted, is going toward entitlements.

FORBES: It's Time To Kill The 'Robin Hood' Myth

Following Daschle's withdrawal from consideration, Obama admitted that he "screwed up" in pushing the former Senate majority leader for the HHS post, even in the face of tax concerns.

FORBES: The White House

Obama has admitted that spending will keep growing in areas such as medicare, social security and government pensions.

FORBES: The Federal Reserve's False Sense Of Omnipotence

Clinton accused the Obama campaign of stoking the controversy, while Obama's campaign hit back at a prominent Clinton supporter for raising the issue of Obama's admitted teenage drug use.

CNN: Exit polls: Obama won across demographic lines

At the time, White House spokesman Jay Carney said President Barack Obama believed women should be admitted to the club.

CNN: Augusta National Golf Club admits first female members

Mr Obama, who said he had only had a brief discussion with Mr Zardari, admitted there had been tension with Pakistan "over the past several months".

BBC: Nato endorses Afghanistan withdrawal timetable