To Escape Chaos, a Terrible Debt Deal - NYTimes.com
►http://www.nytimes.com/2011/08/01/opinion/to-escape-chaos-a-terrible-debt-deal.html?_r=1
There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all. The deal would avert a catastrophic government default, immediately and probably through the end of 2012. The rest of it is a nearly complete capitulation to the hostage-taking demands of Republican extremists. It will hurt programs for the middle class and poor, and hinder an economic recovery.