In order to understand just how horrific the Debt Deal is, think of an analogy:
Through careless records keeping and over spending, you have inadvertently overdrawn your personal checking account by $102.93.
Since you have been a good customer for years, the bank has paid all the checks, but a $25 service charge will be added to your over drawn account.
You stand $127.93 in the hole and need to make it right with the bank ASAP.
In a pinch, your brilliant mind conceives a solution which can save the day. Thus, you march into the bank and ask to see the branch manager.
You apologize profusely for the “over sight” and tell the bank manager that you came as quickly as possible to correct that pesky over draft.
With that, you hand her a check in the amount of $127.93, drawn against the same account which is over drawn.
How do you suppose she will react?
THAT is what is the essence of the debt deal and which is why Tea Party activists are prepared to say, HELL NO!
