Debt ceiling deal doesn't solve long-term problems - latimes.com
Reporting from Washington— High-stakes negotiations force people to reveal what they really care about, and in the 11th-hour deal to stave off a federal financial default, President Obama and congressional Democrats and Republicans each made clear their top priorities.
For Republicans, it was preventing any tax increase to upper-income families.
For Democrats, it was ensuring no cuts to Social Security, Medicaid and a handful of other programs that aid the elderly and the poor.
And for Obama, it was getting a deal that would end the threat of an economy-shaking default until after the 2012 presidential election.
None of the key players was willing to go all out to actually solve the nation's long-term financial problems. As a result, the deal doesn't.