Some key reading on the debt ceiling capitulation by President Obama

First let’s start with a quote from Robert Reich, Secretary of Labor under President Bill Clinton:

Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics. The deal does not raise taxes on America’s wealthy and most fortunate…Yet it puts the nation’s most important safety nets and public investments on the chopping block.

And for your reading pleasure, here’s a damning op-ed by economist Paul Krugman, who argues the debt ceiling capitulation by President Obama will do more harm than good to the nation’s overall economic health.