"...It increases spending - every year.
Bogus and outright-fraudulent "baseline budgeting"
means that if they intended to boost spending $300 billion
but only increase it $200, that's a $100 billion "cut."
If you ran your household like this you'd be broke in a week.
...You cannot keep reducing income and increasing spending forever.
The cuts...are...not binding...
There's nothing before 2013,
which means a downgrade is almost certain.
...A 2013 timeline for actual changes means nothing,
since the next Congress is not bound by what this one does.
...Sequesterization didn't work in 1997. It won't work in 2011 either.
We failed to get to $4 trillion.
That's what S&P said they needed,
and they said they needed to see that within the next three years.
Now we find out if S&P has any balls.
We also get to find out if the so-called "Tea Party" is worthy of the name.
Boehner needs to be ejected from Congress in the next election,
and the remaining "mainstream" Republicans must go with him,
along with any claiming to be "Tea Partiers" who vote for this abortion.
All of them."