Guests: David Stockman, John Williams and Daniel McAdams. When Stockman headed Ronald Reagan’s OMB, he pushed publicly for significant budget cuts to ensure future solvency of America. A politically embarrassed Reagan took Stockman to the woodshed for a good beating. Trouble is, David was right. Fiscal irresponsibility by Stockman's boss and all Presidents since has led America to the brink of global insolvency. In fact, as economist John Williams will tell us, the BLS is misleading us by understating inflation and unemployment. That means a continued economic instability the need to discard
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