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.

Guests:

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"

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