[MulberryDraw]

Bottom line: there will be about $40 billion in actual, real spending cuts until the next, $16.7 trillion debt ceiling limit is hit some time in Q1 2013,

http://www.zerohedge.com/news/obama-says-debt-deal-reached-america-avoid-default

[one Lord one faith one baptism]

so basically the national debt is increasing at the same pace with the Republican House as it did with the Pelosi House......got gold??

[TornadoAlley3]

No cuts will be made until 2013. This is crap sandwich.

[Sun]

“Bottom line: there will be about $40 billion in actual, real spending cuts until the next, $16.7 trillion debt ceiling limit is hit some time in Q1 2013,”

Then Obama gets pretty much what he wanted.