McCain: Obama was 'bystander' in debt deal

“Presidents are supposed to lead, and I think the American people are fully aware that he didn’t lead,” added McCain. 

The deal, signed into law on Tuesday, will cut nearly $1 trillion in planned spending over 10 years and create a bicameral committee tasked with finding another $1.5 trillion in cuts in exchange for raising the debt ceiling by $900 billion over the next few months, then by another $1.5 trillion early next year.