The Fine Print on the Debt Deal

[elleng]

http://fivethirtyeight.blogs.nytimes.com/2011/08/01/the-fine-print-on-the-debt-deal/?hp

[Doctor_J]

1. A highlight

The first round of cuts include “only” about $22 billion in reductions in 2012 spending — the same as the bill proposed last week by Representative John A. Boehner, which provided some of the outlines for this deal. That would reduce 2012 G.D.P. by just 0.1 percent, other factors being equal.

That president - a helluva negotiator

I rec, hoping you'll read the whole thing and then swear, cry, sign a petition, or however you deal with this first-class screwing we just got.

[Heading North]

2. Recco

:-)