Sequester cuts are just a first tiny step in a long, necessary, budget reform

If you listen to most economists, politicians, special interests groups and central bankers, it is never a good time to cut government spending; not even by a miniscule 2%.

Representative Sean Duffy, a Republican from Wisconsin, confronts Federal Reserve Chairman Ben Bernanke about cutting the `fat’ in the budget and makes some rational points to the bubble maestro. Here is a direct link.

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