David Stockman: “We have a far worse fiscal situation…”

The Daily Capitalist
Stockman On Budget And Downgrade
By Jeff Harding August 11th, 2011

This is an interview of David Stockman on Bloomberg Radio today by Kathleen Hayes. David goes into the budget crisis and the downgrade. As usual he pulls no punches. “We have a far worse fiscal situation….by 2012, 2013, 2014… the deficit situation is going to be dramatically worse and our ability to cope will be almost non-existent….”

This is an excellent interview on Bloomberg Radio which can be heard  Continue reading