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S&P tells White House it will downgrade U.S. rating

The total is $2.4 trillion in deficit reduction over 10 years. That isn't as much as we need. Democrats had proposed $4 trillion over 10 years. But it definitely isn't a pittance either.

It's a pittance. It's not going to get us in solid financial shape. (For the record, Boehner had agreed to the 4 trillion also)
 
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What you think the US did or didn't do isn't as important as what our creditors think we did or didn't do. There seems to be a consensus among them that we talked about getting into a situation where our monthly receipts would not cover our monthly expenses and thus we wouldn't be able to pay certain expenses. We use a fair amount of borrowing to meet regularly occurring expenses.

You can call it w/e you happen to prefer to call it. The gist is we talked about not paying people we owed money to.

Yes "we" (I argued over and over there was no chance) did and it was incredibly irresponsible of those who did it when they knew we weren't going to default.
 
I'm not sure what you mean, but there have certainly been cuts. For example, I just got an email from my law school yesterday saying that as of next year there aren't any subsidized federal loans for graduate students because of the debt ceiling deal.

someone lied to you. no budget for 2012 was agreed upon. nothing in 2012 was actually cut because the debt ceiling deal does not deallocate/reallocate one red cent of promised money.
 
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