This is a summary of the debt ceiling deal that the Republicans and Democrats came to an agreement on, which many say, will only moderately help our debt problem, and may allow Obama and the Democrats to jack up people’s taxes in the process.

Many in the media will attribute some of the details of the deal to the Tea Party, which would be correct. Without the Tea Party’s influence, Obama and the Democrats would have been able to take this debt deal in a completely different direction, which most independents and conservatives would not be happy with at all.

Obama’s plan would have consisted mostly of cuts to the military, and tax increases to you and me, but little change would have been done to curb the Obama Administration’s over-spending binge, which got us into this precarious position in the first place. It is also Obama’s over-spending binge, and the threats of extra tax liabilities (or “revenues” in “Democrat-speak”) which has kept our economy from recovering, despite all of their unfortunate bailouts, buyouts, and useless Obama “stimulus”, which didn’t …

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