Here's a dose of reality from Thom Hartmann for those who think that we are the ones living in a fantasy world:
Thom Hartmann: Job Killing, Economy Crashing Debt Deal
When you cut spending of any kind during a recession, Keep in mind 20% more or less of the entire federal economy of the United States is federal spending... When you cut spending... setting aside the morality of it, what you do is you stop putting money in people's pockets for them to spend. This is an anti-jobs program. Cutting federal spending increases unemployment.
Bottom line, both the Republicans and the President are playing politics at the expense of the best interests of the country (and the world). The deep cuts agreed to will cost people jobs