All of the politicking didn't accomplish anything on "cutting the budget" !!
I think the "cut" was only 38 bil. not 78 bil. at the moment but hardly matters.
I have lost sight of the overall numbers. They could cut out the "entire discretionary spending" and wouldn't change things very much !!!
But, the markets are going to do "something" and I don't think it is a "bad idea" to have thought things through a bit so you have some confidence in reacting when they do !
If the politicians don't tackle the retirement age I don't see much hope going forward.