The debt ceiling issue is certainly no joke. There has been much debate on the topic and many Americans have been worried about the outcome of deals made by Washington for the last several months. It is important to understand that politicians that we elected to represent us have known of the dangers of the debt crisis for almost a year and have done very little to ensure that any financial crisis were averted. Instead, it seems that they simply argued back and forth, trying to turn people against each other and not paying attention to important deadlines. Instead, what really happened was that both sides of the table continued to bicker back and forth until the very last moment. It was only then that they decided that something had to be done and a deal of sorts was stricken up. Small spending reductions were made that had a minimal effect on the national debt problem. It seems that most Americans agreed that spending cuts should have been combined with a slight tax increase in order to raise more revenue. Unfortunately, this did not happen.

The only plus side about the debt deal is that very soon, a super committee will have to meet and make more spending cuts. These people come from both sides of the isle, so it is feasible that they will be able to negotiate a better deal than the one that was made recently.