That's right: that 0.2% cut in spending is what all the brewhaha was over, a cut which will not only push total debt to $35 trillion by the end of Biden's term, but will not even put a dent in the long-term US debt trajectory which even the CBO has no problem as showing in its full, hyperinflationary glory.

https://www.zerohedge.com/markets/total-farce-real-spending-under-debt-ceiling-deal-actually-goes-next-year