This may all be true in the political sense, but in reality America still sits perilously close to an economic disaster. We are still spending hundreds of billions of dollars we do not have. The amount of money we are borrowing daily will soon eat up these cuts in no time flat. Yet, here are our so called "leaders" talking about "historic cuts".
I think part of the problem in Washington today is that there aren't many who can take in the big picture. Too many lawmakers, pundits and the media class focus on the little skirmishes and daily back and forth without taking into account the effect on the nation as a whole.
Paul Ryan's budget plan is the first attempt in a long time to bring the big picture in focus. Unfortunately after watching this shutdown showdown, I don't have a lot of faith in seeing anything close to Ryan's plan being acted upon.