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As I understand it, the debt ceiling increase of up to $2.1 trillion is ensured through 2013, with the deficit cutting in two phases - nearly $1 trillion now and a guaranteed another $1.5 trillion in the next phase either through Congressional approval of this new super committee or,if that fails, 3% cuts across the board in discretionary spending, both domestic and defense.
As to winners? IMO, the 2012 election will determine that and not just the presidential election. And, I think Democrats will have the upper hand once voters experience these cuts and the Dems keep pushing the fact that there is no shared sacrifice w/o the top taxpayers feeling the pinch.
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"The perfect is the enemy of the good."
~ Voltaire
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