“Nonsense. Boehner’s gotten exactly what he wanted. Cuts equal to the debt ceiling with NO tax hikes.”
It would have to be $1.299 trillion (not $1.1 trillion) for the cut to be equal to a $1.0 trillion debt ceiling increase.
U.S. ten year Treasury note is, 2.99% interest per year. For every $1 trillion borrowed a total of $299 billion in interest is owed.
I think your decimal is off moshiach