Jerry Pournelle comments:

The Budget Deal proposes at best about $3 Trillion “cut” over a ten year period. This amounts to a reduction in the exponential growth of government from something over 7% to something over 6%; meaning that government spending now on track to double in 11.5 years will instead double in 13.5 years. Since no Congress can bind the next Congress, and no “cut” takes place before 2013, there is a possibility that exponential growth of government will not change at all; and at best the exponential growth of will continue the inexorable march of the United States toward a regulated planned economy welfare state.

The Deal Bill says there are no tax increases, but that is not correct. The Bush Tax Cuts will expire under this deal. That is a tax increase. The Deal Bill has no effect on the increases in taxes built into ObamaCare, and has no effect on ObamaCare costs or employer burdens.

The Deal Bill increases spending by at least $8 Trillion, locking in all of the Stimulus Increases. It makes almost certain the largest tax increases in history.

This is, according to the Wall Street Journal, the best we can get from having taken the House last November.