Originally posted on International Liberty:
The looters and moochers in Washington are increasingly agitated by the prospect of sequestration.
This is utter bunk. I would like to “slash vital programs,” but the chart I prepared earlier this week shows that the federal budget will expand by $2.4 trillion if a sequester occurs.
So the net effect of sequestration, as I explain in this Larry Kudlow segment on CNBC, is that the federal budget won’t expand by $2.5 trillion.
I did this interview from London, by the way, where is was past midnight, so I hope you’ll forgive me for looking a bit groggy at the very beginning.
But I think I did a decent job once the juices started flowing, though it’s hard to have an argument with someone who still believes in the snake-oil…
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