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S&P's guidance was based on an analysis that made the $2.1T mistake. So $2T+ in cuts plus $2.1T error puts us exactly where we would have been if they were originally right and then we cut $4T.


But we didn't cut that, the deal only cut about a trillion and kicked the other cuts to a super committee.


We did cut that. Where the cuts will come is not yet decided, but that they will come has been finalized.




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