In Washington, words don't mean what you think they do."Balanced" implies balanced to me... that half of the "reduction" would come from tax increases.
For example, I bet many people think those "cuts" are actual reductions in spending. Not so. The "cuts," always in quotes, are reductions in the amount of projected increases. In other words, in Washington a "cut" is a reduction in the first derivative of the spending. The spending itself NEVER goes down. It's like the log of x. It goes to infinity, just not quite as quickly as it some politicians projected it to!
People might not realize that because of all the anguished yelping from the left. But the so-called "conservatives," also in quotes, voted to borrow and spend another $7T over the next ten years.
The spending and borrowing continues nonstop. If that's conservativsm, I'm against it. And with the left screaming about "the end of life on this planet," I'm not for them either.
This deal is a complete disaster for the American people, who are about to experience the real world consequences of a government running six wars on credit, promising massive social programs without generating the income to pay for them; and calling a continuation of the insane spending and borrowing, "austerity."