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Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The...
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Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

http://www.huffingtonpost.com/2013/03/31/david-stockman-george-w-bush_n_2989094.html?ref=topbar

"A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,”
Stockman, also a former Republican congressman from Michigan, resigned from Reagan’s administration in 1985 in protest over deficit spending. Bush and Reagan aren’t Stockman’s only targets in the piece; he attacks lawmakers, Federal Reserve and Treasury officials and Wall Street for a combination of easy money and deficit expanding policies that he argues will lead to another Wall Street bubble explosion in the near future.

Stockman may have a point when it comes to Bush’s policies, at least. The cost of the wars in Iraq and Afghanistan combined with the Bush-era tax cuts for the wealthy will account for nearly half of the debt the U.S. will owe by 2019, according to a February analysis from the Center on Budget Policy and Priorities, a left-leaning think tank.

Bush isn’t the only Republican leader to draw Stockman’s ire in recent months, though. During the 2012 presidential election, Stockman called Republican candidate Mitt Romney “a master financial speculator who bought, sold, flipped, and stripped businesses.” He also attacked Vice Presidential Candidate Paul Ryan’s budget, arguing that it was “devoid of credible math or hard policy choices.”

6 Comments
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206807_tn?1331939784
I’m not defending Bush but it’s hard for me to take anything David Stockman says serious. Personally, I think the man should have been prosecuted and sent to Prison. I guess it's all about who you know!
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Avatar_m_tn
If the guy was the "budget director" and he implicated his former boss, does that not clearly place some of the blame directly on himself.  (Or, as a politician is he exempt of blame?)
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Avatar_m_tn
Yeah, shoot the messenger and ignore the message. That's productive and it feels good too.
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206807_tn?1331939784
Mike, come on. You’re an intelligent man. The messenger? Research the man.
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Avatar_m_tn
Shoot the messenger and the message.  Kind of funny that the guy would try to rat out the President and blame him for things that he (the messenger) was supposed to be in charge of....
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148588_tn?1401923955
Call David Stockman at 'On Point' WBUR 10 am tomorrow 800-423-8255.

http://onpoint.wbur.org/2013/04/04/stockman


http://onpoint.wbur.org/contact-on-point
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