[SeekAndFind]

After reading a few details, here is my impression :

It is virtually the same as the Boehner deal in the actual cuts, which will likely be back-end loaded (we expect about $10-20 billion in 2012 cuts), but the Democrats get what they want in that it will not require a second debt ceiling hike before Obama’s re-elecetion as $2.8 trillion should last well into 2013.

As for “future cuts”, well, that’s easily what Congress is so very good at. Indefinite future cuts that is

[F1reEng1neRed]

I think Obama started feeling the heat and he flinched. This isn't the greatest, but I can live with it. I want to see the fine print.

[Roccus]

...but the Democrats get what they want in that it will not require a second debt ceiling hike before Obama’s re-elecetion as $2.8 trillion should last well into 2013.

....but if the Republicans play it right and OK enough new Rat and/or Zer0 spending packages, we could reach the new ceiling by Sept. 2012.