Power Play Video: Is Debt Ceiling Deal Full of Phony Deficit Reduction Baloney?

While the debt deal passed by Congress and signed by the president on Tuesday afternoon kept the nation from defaulting on its debt, few of either political persuasion are happy with the deal.

And it may not achieve the goal of true medium and long-term deficit reduction so many in Washington seek. On Tuesday's Power Play Live, Chris Stirewalt talked with Fred Barnes and Fox News Chief Washington Correspondent James Rosen about just how much the deal really cuts in the long run. Does the deal merely "spit into the ocean?"

You can catch Power Play w/Chris Stirewalt each weekday at 11:30 a.m. EDT at http://live.foxnews.com