The Latest Budget Deal is a Joke

CNBC’s Rick Santelli and former director of the US Office of Management & Budget, David Stockman discuss the latest budget deal and how it’s beyond any sense of fiscal responsibility.

  • Eliminates caps – No ceilings to contend with for at least 2 years
  • Adds $70 billion in spending for 2013 and another $70 billion for 2014
  • Avoids most of the sequestered military & discretionary spending

Talk about kicking the can!

View at CNBC site
Providing yet more commentary on the budget deal and background on our national debt, BrotherJohnF explains the numbers behind this fiasco and shows why the US government is already bankrupt.  If it weren’t for the phony numbers being expressed by government agencies, it would be too obvious. (See US Debt Clock here.)