[Infographic below is provided by the Barak Obama website. We claim no ownership over the infographic, and dismiss all credit therefore associated with it.]

The debt ceiling debate has really gotten a lot of attention in the last month or so, and now it seems that lawmakers have put aside their petty political differences, and have compromised to work out an agreement that will satisfy us all, at least for the time being. The new plan will keep us from defaulting, which is the most important point. It actually raises it $2.1 trillion, which should at least last us through 2012.

The plan also promises to lower spending, and over the next ten years, law makers hope to reduce the deficit by $2.5 trillion.

Below is an infographic from President Obama’s website, detailing in the simplest way possible, what their plan actually does.

 

(via my.barakobama.com)

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