Extension of Bush-Era Tax Cuts

Obama agreed to extend Bush-era tax cuts for 2 years and unemployment benefits for 13 months. "As outlined by Obama and sources, the deal would add up to hundreds of billions of dollars in more federal spending or lower revenue in coming years at a time when the president, Republican leaders and a federal deficit commission appointed by the president all say that the growing federal debt must be brought under control"(http://www.cnn.com/2010/POLITICS/12/06/obama.taxes.debates/index.html?hpt=C1). Although this may be bad for federal spending I believe this was completely necessary. As the American people struggle and unemployment is at around 10%, many cannot afford for these tax cuts to expire.