IF this is the actual deal, it looks like Hussein caved more than we did.
Oh I'm sure there will be no real spending cuts other than what is in next years budget (a few billion tops), but we get the BBA vote which the Democrats desperately want to avoid, no new taxes and a chance to refight this again in November and December this year. And because the budget wars kick off soon anyway, we just might be able to keep the massive budget deficit and debt issue number one all the way through the rest of Hussein's term.
For anyone that expected real cuts, they'll be disappointed. As for me, I never believed there was any actual chance of real cuts till Hussein is out of office and we have the Senate back. Shifting the debate as far as we have is a victory in and of itself.
And any hints/talk about Obama invoking the 14th Ammendment was obviously just a bluff...