Thu, Apr 11, 2013 -- 10:00 AM
David Stockman's 'Doomsday' ScenarioDownload audio (MP3)
In his new book, "The Great Deformation," former Reagan budget director David Stockman says the federal budget has turned into a fiscal "doomsday machine." If the government doesn't stop "cooking the books" and get its debt under control, Stockman predicts a collapse of the U.S. economy. We'll talk to Stockman about his book and get his take on President Obama's proposed 2014 budget, introduced on Wednesday.
Host: Michael Krasny
- David Stockman, director of the Office of Management and Budget in the Reagan Administration, former U.S. congressman and author of "The Great Deformation: The Corruption of Capitalism in America"