David Stockman's 'Doomsday' Scenario

at 10:00 AM
 (New America Foundation/Flickr)

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.


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"