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Debt limit vote

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Here's a graphic worthy of Tufte:

This kind of illustrates how the deal is basically centrist, despite cries from the left and right about how they were "sold out".

Source: http://online.wsj.com/article/SB10001424053111903520204576482040633224656.html?mod=WSJ_WSJ_US_News_3

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On August 2nd, 2011 04:21 pm (UTC), izmirian commented:
That is a nice graph and I'm glad they got something that didn't just pass on a partyline vote. Have been too busy to read much about what's in the actual bill other than the super-committee will decide what's really going to happen later on.
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On August 3rd, 2011 04:00 am (UTC), psychohist replied:
The sellout accusations are based, from some of the progressive Democrats, on the lack of any tax increases, and from some of the Tea Party Republicans, on the fact that any debt limit increase at all was approved.

The actual cuts are not that easy to find, but they appear to be about a third to a half defense department cuts, a comparable amount of discretionary spending cuts, the remainder cuts to medicare reimbursement rates. Only about 1% of the cuts will happen in 2012, and most don't happen until after 2014. Part of the defense cuts and most of the discretionary cuts will happen irrespective of the supercommittee action - barring repeal or reversal by other means - and the rest of the cuts can be replaced by what the supercommittee comes up with if both houses approve.

I think perhaps the way to read this is that the moderate left is willing to give up on tax increases and the moderate right is willing to give up on substantial near term cuts. The left is willing to put medicare on the chopping block, and the right is willing to do the same with defense. Personally I don't think that's so terrible.
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