It's far better that we get our house in order now ourselves before we are forced to by the markets. If and when said plan is put in place and the debt ceiling is raised this will be good for the US economy short term, but it will be great for the economy long term because we won't have to worry about ridiculously high interest rates and tax increases in the future.
So tomorrow, if the market is down big remember it's just one day, and that the big money (what really moves markets) will be looking @ the sell off as a buying opportunity as they can't think short term... The risk is that politicians will only come together to put a short term band aid on and the US debt is downgraded. If this happens every one in Washington should be fired. We should call for resignations from every last one immediately! Either way we will be stronger after this if it doesn't kill us....