A Reason To Hope for Hyper-Inflation

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The Budget Control Act calls for automatic cuts in 2013, or a sequester, if Congress doesn’t reach a compromise on spending cuts by the end of 2012. … If the sequester goes into effect, it will mean a 7.8 percent reduction in the DHS [Department of Homeland Security (sic)] budget, said Charles Kieffer, staff director of the Senate Appropriations subcommittee on homeland security.

“’Even if we do not have a sequester the BCA constraints are such that we have to assume that we are going to be living in a budget freeze environment for 10 years. …’ he said.”

Yeehaw! Bring it on!

11:00 am on December 14, 2011