After months of slow-motion capitulation, President Obama has cut an eleventh-hour deal with Republican leaders to raise the debt ceiling. After vowing to heed the public outcry for a balanced approach, he has instead consented to a plan that manages to run rough-shod over the poor and middle-class, coddles those who caused the recession, imperils the government’s two most popular entitlement programs, and virtually guarantees that our economy will continue to falter.