What Do You Think of America's Debt Deal?

If both the Senate and House approve it, then the country will have missed defaulting on its debt today with an 11th hour deal prepared by President Barack Obama and Congressional leaders from both parties and announced over the weekend.

In the deal, one of the main stumbling blocks, the ability to increase the country's borrowing limit, will have been lifted.

The agreement, if approved, would include at least $2.4 trillion in spending cuts over 10 years, a new Congressional committee to recommend a deficit-reduction proposal by Thanksgiving, and a two-step increase in the debt ceiling, according to an article in The New York Times Monday morning.

But, for something that has caused so much division among our elected officials (as opposed to the regular division among them for other issues), a lot of people are going to wonder if the compromise they have finally, tentatively agreed on will be what is best for the country.

What do you think of America's Debt Deal? Is this the solution we have needed all along? Or, is this going to take us further down? Share your thoughts in the comments section.