I think the overall result is positive.
1. It is a cut on the "current year budget"...which should have been enacted before the nov. Elections anyway, so that's a retroactive nicety
2. I don't discount the "political/media" win of this, it will help for the next two big things coming up
3. I read the deal also forces an audit of the obamacare implementation AND waivers AND forces the senate to vote on the house repeal law...which, while it will fail, will put the supporters on record which will help 2012
4. This puts the senate and pres. on record voting for cuts (of any kind), AND the GOP looking good from this will enable better negotiation on the upcoming set increase (may) and 2012 budget, which are the big swingers...
5. Given that the GOP and tea party combined only control half of the legislature, and do not have veto proof numbers, a compromise WAS required, better to set the trend small and work up to the big votes (debt ceiling and 2012)...the "we only control one half of one third of the govt" factor
6. I was disappointed the EPA rider couldn't make it
7. Overall, this, and the debt ceiling/2012 votes are going to be a lot of theater, but again, we are limited in what can be "forced" through--2012 elections are going to be key--enough democrat senators are up for election to easily swing the senate, and then we can start making major changes. So I will take what j can get for the next year.