Is this some sort of a GOP joke? $111 billion cut in 2012, some future target that will be quickly forgotten and a balanced budget amendment that will get zero Dem votes. And Obama rewarded with authorization to keep right on spending $1.6 trillion a year for the next year and a half. I agree, the 2012 cuts aren't large enough. But the way I read this, if the balanced budget amendment is not passed, Obama doesn't get a single extra penny to spend. The debt limit increase is contingent upon the balanced budget amendment.
