Pelosi: ‘There’s No More Cuts to Make’

I suppose this is true if she plans on keeping the campaign contributions flowing. But make no mistake, the federal government is still like a well marbled prime rib. Full of fat. There is plenty of cutting to do. In fact we’ve only just begun.

For the record David Stockman predicted last year that ongoing budgetary crisis was America’s new reality. Wait until the 10 year treasury really starts moving up. Then things will get very interesting.