Former OMB director David Stockman rages to none other than Rick Santelli that the budget deal is a “betrayal and a joke” and “the final surrender of the House Republican leadership to beltway politics.” The dismal reality – that little to no one in the mainstream media will dare utter – the budget adds $70 billion to spending this year and next year, and “then they’re going to pretend to save it in ’22 and ’23.” Stockman blasts, “they’ve not only kicked the can down the road, but kicked it into low-earth orbit.” The only hope of getting our fiscal house in order was if House Republicans stand up, and Stockman warns “will trigger an enormous negative reaction from Tea-Party Republicans.” The truth hurts…
Santelli “we’re not talking about kicking the timeline can til the mid-terms, ” – “this is a two-year vacation on the fiscal budget.”
“Just from the momentum built-in, our debt load will be $25 trillion by the end of the next Presidential cycle.”
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/suPoCkT9sqE/story01.htm Tyler Durden