truth-out.org — By gollies, America's workaday majority of middle-class and poor people have a fighter on our side in Washington. Unfortunately, that fighter is Barack Obama. On Sunday, he waved his white hankie of surrender in the debt ceiling battle, agreeing to a disastrous deal ruthlessly pushed by the loopiest of the tea party extremists in the Republican House. It slashes some nearly $1 trillion from national programs that ordinary Americans count on, puts Social Security and Medicare at risk, and promises to make our depressed economy, and even the deficit, worse. Obama also cravenly conceded to the GOP demand that the fortunate few at the top of our economy make no sacrifice. Not to worry, though, our champ said as he signed his abject capitulation into law. Stage two the deficit reduction process will be better. Then the privileged few will have to "chip in," reassuring all who will be harmed by this week's deal that he'll be "fighting for" fundamental principles of fairness in the next one.
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