The Bipartisan Budget Act of 2013 would set
overall discretionary spending for the current fiscal year at $1.012
trillion—about halfway between the Senate budget level of $1.058
trillion and the House budget level of $967 billion. The agreement would
provide $63 billion in sequester relief over two years, split evenly
between defense and non-defense programs. In fiscal year 2014, defense
discretionary spending would be set at $520.5 billion, and non-defense
discretionary spending would be set at $491.8 billion.
The sequester relief is fully offset by
savings elsewhere in the budget. The agreement includes dozens of
specific deficit-reduction provisions, with mandatory savings and
non-tax revenue totaling approximately $85 billion. The agreement would
reduce the deficit by between $20 and $23 billion.
These sections increase federal-employee
contributions to their retirement programs by 1.3 percentage points. The
proposal affects new employees hired after December 31, 2013 with less
than five years of service.
This provision modifies the annual
cost-of-living adjustment for working-age military retirees by making
the adjustments equal to inflation minus one percent. This change would
be gradually 3 phased in, with no change for the current year, a 0.25
percent decrease in December 2014, and a 0.5 percent decrease in
December 2015. This would not affect service members who retired because
of disability or injury. Service members would never see a reduction in
benefits from one year to the next.

Above: Obamacare, in marshmallow form.
....
The Ryan-Murray deal puts Obama and Reid in a box. Only a few events would be big enough to change this dynamic, and the most likely is another shutdown. But to get another government shutdown, they have to shoot down this deal – putting them on the wrong side of a happy-talk “bipartisan compromise” and making them the scapegoats for any failure to reach a deal. Sure, they could dig in and force another government shutdown, but they would get the blame for this one.
Mike Memoli nicknames it, “The Bland Bargain.” (Click link below to read more)
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