Video: David Stockman ‘We are digging ourselves in debt, pretending its working’

September 30, 2011 by · Leave a Comment
Filed under: Videos 

He hits it on the head.    I like his poise during the interview when CNBC kept peppering him with questions that try and get him to say something cheery and happy.   WE ARE PAST THAT, ALL OPTIONS WILL BE PAINFUL.  We just need to do it now  and work through it and be happy in a decade once the structure issues have been fixed and we can see a sustainable and durable recovery.  Or in short, a real recovery.

Video (CNBC):