Highlights of the Budget Deal

The Ryan-Murray proposal will replace part of sequestration—the automatic cuts to domestic and military spending in the Budget Control Act that averted the 2011 debt-ceiling standoff—for the next two years. Domestic and military spending will be set at $1.012 trillion for fiscal year 2014, higher than the $967 billion called for by sequestration

The deal creates a minuscule new $20 billion in net deficit reduction over sequestration, BUT, get this, those extra cuts won't come until 2022 and 2023.

Overall, the proposed deal front loads spending while pushing much of the deficit reduction off until later. This means it is nothing but a further increase in government spending, with the cover of deficit reduction (by increasing government revenues) years later.

(Mother Jones)