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Run For Your Lives: The Sequester Takes Effect

L. Stephen Wrote: Mar 01, 2013 11:44 AM
Eighty five billion a year in cuts is chump change. Bernanke is printing more than that every month; and out of thin air. The fraud alone in government procurement exceeds that number. The federal debt already exceeds 20 trillion when you include Fannie and Freddie. It can never be repaid in real money. There are only two courses of action; default or inflation. The printing presses are running so inflation it is...

President Obama's (miniscule) sequester cuts have taken effect -- and yet planes remain airborne, food remains edible, zombies haven't invaded shopping malls, and -- if you're reading this -- you still have a pulse.  When, as expected, both Senate bills failed on procedural votes yesterday, today's outcome became inevitable.  Filling in on Hugh Hewitt's nationally-syndicated radio show last night, I asked Senate Republican leader Mitch McConnell what to expect from today's window-dressing meeting at the White House:
 

GB: So both Senate plans went down today, neither one is...