[InterceptPoint]

The legislation would cut $111 billion in fiscal year 2012, cap spending at 18 percent of gross domestic product by 2021 and would authorize a $2.4 trillion increase in the debt limit after Congress passes a balanced budget amendment.
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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.

Some deal. I expected better,

[InterceptPoint]

Oops. I guess I haven’t quite mastered posting from my iPad.

[Jess79]

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.