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David Stockman: 'The United States Of Insolvency'

Two minutes of must see television.

'The fiscal cliff settlement actually added $4.5 trillion to the deficit over the next 5 years, so the sequester is a good thing.  Defense spending is out of control.  Neither party has faced up to the need to take on the military industrial complex or entitlements.'

Feb. 4 (Bloomberg) -- Former Reagan OMB Director David Stockman discusses the need to balance the federal budget.


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Reader Comments (7)

Obama Urged By 45 Representatives To Replace Ed DeMarco, Help Underwater Borrowers

Feb 7, 2013 at 2:43 PM | Registered CommenterDailyBail
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Feb 7, 2013 at 2:43 PM | Registered CommenterDailyBail
JPMorgan Chase Hid Mortgage Flaws From Investors, Emails Suggest

Feb 7, 2013 at 2:44 PM | Registered CommenterDailyBail
Did You See This Tweet from Donald Rumsfeld?


Rummy is wrong. Defense should be cut AND federal employees should be cut.
Feb 7, 2013 at 4:04 PM | Registered CommenterDailyBail
Just why in hell can't anyone listen to this guy. Happens all the time. Someone calls a spade a spade and the next thing you know they are considered a pariah. Cheyenne is right also. There really is not any kind of democrat to suggest that anything less than the party line is acceptable. Just completely boggles the mind really. Christamighty.
Feb 7, 2013 at 7:48 PM | Unregistered CommenterSKINFLINT
I don't get Rumsfeld. Isn't he the one who established the notion that the military was it's own worst enemy, then set about setting up private corporations to do just that? Cmon, Rummy. In or out.
Feb 7, 2013 at 7:54 PM | Unregistered CommenterSKINFLINT
The Davids (Stockman and Walker) are, unfortunately, just a few voices of reason who get play on MSM. I wish they had a constant forum for their sense...
Feb 7, 2013 at 7:56 PM | Unregistered CommenterJosie

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