Following is a Speaker of the House John Boehner’s apparent successful PowerPoint presentation given to his Republican caucus.
Blogger Chris Cillizza sees this agreement as a win for America. (see story)
Moody's Investors Service sees the agreement as too little too late. Not enough cuts. $2.2 trillion dollars according to Associated Press over 10years doesn’t realistically keep pace with U.S. spending. (see story)
Remember Democrats want compromise, which means they want business as usual, meaning in this case that Democrats want spending to continue as usual.
According to Moody, this deal may be enough to give the illusion of success for politicians however; the reality is this deal may not be enough to keep the U.S. AAA credit rating.