This chart shows you what a joke all consternation around the budget deal truly was.

Political Calculations put it best:

So, to recap, when compared to the pre-crisis decade of federal government spending, instead of increasing at an annualized rate of 7.35% per year, the total amount of U.S. federal government spending is now projected to only increase at an annualized rate of 6.78% per year, thanks to the so-called “Budget Control Act”.

No word yet on whether or not the nation’s GDP will grow as quickly….