Orszag: Yeah, the White House has less leverage in the spending fight now

As I wrote earlier this week, the fiscal-cliff deal was mostly a win for Barack Obama, but only a temporary victory fought on one issue.  By delinking the tax debate from the spending debate and keeping the debt limit out of the fiscal-cliff deal, Republicans at least allowed themselves the chance to fight another day for spending cuts and entitlement reform.  Whether they can successfully negotiate real reform is another question, of course, but even Obama’s former OMB director acknowledges that the White House now has significantly less leverage to prevent budget reform now that taxes are off the table.  Peter Orszag tells CNBC’s Andrew Ross Sorkin that Obama may have won the week but lost the quarter by agreeing to that split (via the RNC):