The truth is that there are actually no cuts at all in the new [debt deal]. “The ‘cuts’ being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases,” wrote Ron Paul. With only 2% of cuts taking place before the next pres. election... the truth is that Washington is about to pass “a bigger budget than ever” despite heavy rhetoric, said Ron Paul...
[The debt ceiling deal] is akin to a family “saving” $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda. - Ron Paul
http://blogs.forbes.com/afontevecchi...ng-deal-sucks/