The highly publicized debt ceiling debate has drawn to a close. Politicians and commentators from both political parties are hailing this as a victory for the Tea Party. I am not so sure. In fact, I am disposed to judge this a victory for President Barack Obama.

Chip WoodA friend of mine was trying to explain to his children the significance of the debate going on over what to do about our national debt.

Now that the Tea Party has not only demonstrated its power to force the Republican Party to begin acting like a true party for less government, it has also shown that it has staying power. The elections of 2010 were just the beginning of the Tea Party’s ascent to power in Washington, and the liberals are running scared. And when they run scared they begin calling names.

It appears that Republicans and Democrats, Congress and the White House, have arrived at agreement on the debt ceiling. To sum it all up: the debt ceiling will be raised (shocker there) and Armageddon will be averted! Both Republicans and Democrats are claiming victory for their respective sides.  

Thomas SowellIf there were a contest for the most misleading words used in politics, "poverty" should be one of the leading contenders for that title.