The Debt Non-Deal

[l33tminion]

It isn't "balanced" and it's the end of any "stimulus", but the debt deal doesn't really involve that much in terms of spending cuts. It puts Democrats in a far better political position than the one they blundered into during the extension of the Bush tax cuts, which resulted in the current (now just past) crisis. And it's not nearly as bad as a constitutional crisis or an instantaneous long-term cut of government spending by a third.