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Published On: Thu, Sep 20th, 2012

Former OMB director, David Stockman says we have two ‘Free Lunch’ parties

Former OMB director under President Ronald Reagan, David Stockman, was interviewed on a recent CNBC “Your Money, Your Vote” segment.

In this tell all interview, the former budget chief states the “Fed is the heart of the problem” and “Ron Paul was the only candidate that was right”.

Besides slamming the Fed and their unrealistically low interest rates, Stockman blasts the GOP and TARP (which he accurately calls an abomination), the Romney/Ryan budget plan where he states “Paul Ryan is preaching the same empty conservative sermon”, and the Obama budget fantasy.

Possibly the most intriguing thing he said is “we should slash the defense budget by a third”.

Interesting video-watch it here

David Stockman YouTube Screen Shot

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About the Author

- Writer, Co-Founder and Executive Editor of The Global Dispatch. Robert has been covering news in the areas of health, world news and politics for a variety of online news sources. He is also the Editor-in-Chief of the website, Outbreak News Today and hosts the podcast, Outbreak News Interviews on iTunes, Stitcher and Spotify Robert is politically Independent and a born again Christian Follow @bactiman63

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