The most important point: $21 billion cut in 2012 from our $3.7 trillion in annual spending.This can be thought of visually as a tiny drop in the ocean.
Everything else is spread out into the "future" in cuts and tax increase that will never come.
NYT FLOW CHART: HOW THE DEBT CEILING WILL WORK
For ean even better visual the graph below shows spending over the next ten years (red lines) against the proposed cuts (blue lines).
