Well of course it is. They have been given $2.4 trillion that is stolen from our children and grandchildren. It is generational theft. And it gets Obama beyond the 2012 election which was his only real priority here:
The debt deal is a stinker and the sane know it: Johnson On Greta: Debt Deal "Totally Inadequate"
You can't solve a debt problem by incurring more debt, any more than you can cure alcoholism by drinking some more. Speaking of debt, via Instapundit: THE SPENDING IS NUTS: First Prize Winner In the Power Line Prize.