President Obama was triumphant yesterday, following the collapse of the Republican House’s ill-advised attempt to use the threat of a shutdown to block Obamacare. From the Democrats’ perspective, being threatened with a shutdown is like being threatened with a second helping of dessert. So the result was predictable.

So what are we left with? A burgeoning debt, and no effort on the horizon to get it under control. Obama’s “victory” couldn’t be much more hollow, as his policies continue to drive us toward financial catastrophe, as I wrote last night. Michael Ramirez casts a gimlet eye on Obama’s victory parade: