To cut through the rhetoric surrounding the Iran deal, and to better understand what the two sides conceded and gained, I’ve compiled a balance sheet on the Iran deal. It’s simple and non-technical; a basic list comparing what the U.S. gets versus what Iran gets. The reader is free to make up his own mind about the merits of the deal and the extent to which it advances U.S. interests and U.S. security, and that of our allies.

Forget how far away the terms of the deal may be from the ones President Obama insisted on two years ago, last year, or even last month. The saga of U.S. concessions to Iran is what’s known as a “process story,” and one thing the Obama years should teach us is that process stories – stories about how the administration achieves its policy objectives, as opposed to the policies themselves – have increasingly little purchase on our political debates. So, without further ado: