PLEDGE NOW
Fixing America’s Finances

Ronald Reagan’s budget director, David Stockman, says it’s time to cut and tax to save the country’s finances.

Lawmakers are racing to reach a deal on the nation's debt ceiling before the August, when the US could go into default. (Creative Commons)

Lawmakers are racing to reach a deal on the nation's debt ceiling before August, when the US could go into default. (Creative Commons)

David Stockman was there at the beginning of the Republican political comeback.  The Reagan revolution.  He was Ronald Reagan’s budget director.

Flash forward thirty years, and David Stockman is now devastatingly critical of current Republican moves on the US deficit.

The leading GOP deficit plan, says Stockman, quote:  “appears to be an attack on the poor in order to coddle the rich.” Ouch. But wait. He’s very tough on Democrats, too. Solving our fiscal problems, he says, will take big cuts and new taxes.

This hour: David Stockman on the American deficit.

– Tom Ashbrook

 

Guests:

David Stockman, former U.S. congressman from Michigan, Reagan administration budget director and author of “Triumph of Politics: Why the Reagan Revolution Failed.”  Read his op-ed for the New York Times.

Gail Chaddock, senior congressional correspondent, The Christian Science Monitor

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
RECENT
SHOWS
Jun 9, 2016

Newly-minted college graduates on the job hunt. We’ll look at who’s hiring, starting salaries, and strategies for landing that first job.

 
Jun 9, 2016

Europe, India and China, are taking on American tech giants over privacy, monopolies, and more. We’ll look at the global technology pushback against the U.S.A.

On Point Blog
On Point Blog
Jessica Valenti: ‘Objectification Is About Dehumanizing People’
Wednesday, Jun 8, 2016

“There is some power in laying claim to the word victim.” — Jessica Valenti on the Stanford sexual assault case, and the importance of language.

More »
Comment
 
Why The ‘Roots’ Remake Matters (And What Stays The Same)
Tuesday, Jun 7, 2016

The recent remake of “Roots” on the History Channel makes important changes, Morehouse College’s Stephane Dunn argues. But it also holds true to the original story.

More »
Comment
 
Former Trump Advisor Roger Stone: ‘Trump’s Going To Be The Next President’
Monday, Jun 6, 2016

Longtime political consultant Roger Stone apologizes for his “two martini tweets,” even as he predicts Donald Trump will be the next U.S. president.

More »
Comment