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!