Late Sunday evening the "Debt Deal" was announced by President Obama and Congressional leaders.  Skepticism abounds.  While Boehner says it's all spending cuts, tea party leaders and staunch conservatives from Beck to Limbaugh suggest it's a crock...that the spending cuts aren't real, will never materialize, and this will amount to nothing more than just an extension to run up more debt.

Other observers like the Wall Street Journal believe this to be a victory for the forces of small government.  They suggest, like Boehner, that the most impressive part of this deal is that it has totally changed the tone of the debate in Washington.  Their advice is to take the deal, make the most of it, and be thrilled that there is new ground upon which to fight in D.C.

On Monday's program, Peter invited friend of the show, and economics guru Craig Jackson, on to talk about the deal.  Craig's insight tied the announcement to something practical: the NFL labor agreement. 

Hear Peter and Craig's revealing and interesting analysis of the situation here.