The Debt Deal: The Facts, Just The Facts…

.According to the BusinessInsider, The agreement removes the cloud of uncertainty over our economy at this critical time, by ensuring that no one will be able to use the threat of the nation’s first default now, or in only a few months, for political gain;

Locks in a down payment on significant deficit reduction, with savings from both domestic and Pentagon spending, and is designed to protect crucial investments like aid for college students;

Establishes a bipartisan process to seek a balanced approach to larger deficit reduction through entitlement and tax reform;

Deploys an enforcement mechanism that gives all sides an incentive to reach bipartisan compromise on historic deficit reduction, while protecting Social Security, Medicare beneficiaries and low-income programs;

Stays true to the President’s commitment to shared sacrifice by preventing the middle class, seniors and those who are most vulnerable from shouldering the burden of deficit reduction.

Find out more at http://www.businessinsider.com/factsheet-the-debt-deal-2011-7