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Reagan-era foot soldier wakes up
"The federal budget has become a doomsday machine"
, budget cuts
, David Stockman
, fiscal stimulation
, interest rates
, jobs bill
, long term bonds
, monetary policy
, national debt
, operation twist
, The Fed
, trickle down
, zero overnight carry costs
David Stockman sold the Reagan scam
$32 trillion dollar gain to the people at the top 5% of the economy.
And it all started with Ronald Reagan.
Stockman was Reagan's budget man. It's more than a little amazing that he's waking up 30 years later and decrying the consequences of the “revolution” that he helped kick off.
The fact is no president did more to balloon the US deficit in history than Ronald Reagan. Nobody else comes even close.
Nevertheless, Stockman is right on the money. The federal budget and the way it's being handled by the two idiot political parties is a doomsday machine.
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