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David Stockman On CNBC: ‘We’re On The Fiscal Titanic”
davidstockmanscontracorner.com / by CNBC / September 30, 2015
A government shutdown would force Congress to address fiscal issues before they reach unmanageable levels, a former Reagan administration official contended Wednesday.
“We’re on the fiscal Titanic and we’re going to hit something hard and immovable one of these days,” said David Stockman, director of the Office of Management and Budget from 1981 to 1985, in a CNBC “Closing Bell” interview.
The House of Representatives and Senate on Wednesday passed a last-minute stopgap spending bill that will keep the federal government open through Dec. 11 pending President Barack Obama’s signature. But another budget battle will likely ensue then, as Congress remains divided over federal funding for women’s health organization Planned Parenthood.
The post David Stockman On CNBC: ‘We’re On The Fiscal Titanic” appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/01/david-stockman-on-cnbc-were-on-the-fiscal-titanic/
