It's honestly sad when The Onion pretty much nails it with this headline: Democrats, Republicans Celebrate Pitiful Excuse For Common Ground
What I've been able to make out of it all is that the Republicans wanted spending cuts and the Democrats wanted tax increases on the wealthy. The deal gives the Republicans some spending cuts, but not the ones they wanted. The Democrats get no tax increases, but they get to be part of a bipartisan committee to discuss it further. Basically, R's get some cuts if they agree to even THINK about tax increases. And if the committee can't come to a future agreement on deficit reduction, there will just be more cuts. How this is even considered a compromise, I don't know. (And if I've got this explanation wrong, I apologize. But seriously, trying to understand this mess is ridiculous, and I doubt even 30% of the 536 people responsible for voting on it get it.) [UPDATE: Check out this infographic explanation from NYT.]
What I'm really loving is the all of the online spewing going on over this. Let's begin, shall we?
@newtgingrich Before vote, Boehner and McConnell should pledge only to appoint to the spending committee those who rule out tax increases.
I'm surprised no one else thought it would be a good idea to appoint someone to a committee that was supposed to work on a bipartisan compromise as long as they refuse to even consider the other party's requests. Newt, you are a visionary.
@GovMikeHuckabee The fact that we're still discussing the debt ceiling shows the lack of leadership of this Admin. Need to balance budget & quit spending.
Yes! True leadership comes from ending debate and accepting the other party's position. This is especially true if part of the compromise you've reached is to continue the discussion.
@redcountry Cold, but: if someone rolled Giffords in tonight and told her to raise her hand, that means the debt deal is a good one? Gawd.
Ahem... "Fuck you". No, seriously. I mean it.