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I understand that it was relative to baseline. But the bottom line we cut 2.1T out of the budget and S&P had advised 4T. This does highlight the issue of how cutting is done, though. The budget had a trajectory of 10T in spending increases over the next decade and now it will be 2.1T less than that. So we will increase our spending by 7.9T and call it a "cut". :)


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