David Dayen:

Republicans see [The Deal] as the impetus to cut spending and essentially cancel out the stimulative properties.

In remarks prepared for the Senate floor, Republican leader Mitch McConnell [said] “This bipartisan compromise represents an essential first step in tackling the debt,” McConnell said. “[B]ecause in keeping taxes where they are, we are officially cutting off the spigot.”

Exactly. This is the entire conservative project in a nutshell – starve the beast. That’s what the most conservative Congress in history wants to do and what they will seek to do. [. . .] This deal faces a future of savage cuts to needed public services, which will diminish its positive impact. The talk of stimulus doesn’t take into account the full picture.

Precisely. The Deal is a terrible mistake by President Obama.

Speaking for me only