The logical and mathematical implications would seem to be either a political assault on entitlements and domestic spending… or general political gridlock heading into 2012.
I don't see why IF/THEN is the logical logical operator. The logical possibilities include both and neither. I tend toward the expection that they will find a way to find satisy all the possibilites, creating a kind of political Moebius strip. The only other question is whether the twist is clockwise or couterclockwise.