David Stockman appeared on The Colbert Report last night. You may recall Stockman is the former budget director from the Reagan cabinet (also mentioned in Max’s recent article). Stockman is one of many Republicans who are coming out of the closet to protest the current political strategy of the Republican Party. Several former Republican Secretaries of State are going on record objecting to using the START treaty as a bargaining tool. Even some current Republican members of Congress are voicing objections.
Stockman stated on Colbert that we are “burying our children and grandchildren in debt”, in an apparent reversal on trickle down economics. Colbert said it seemed like he was ‘slapping himself in the face’, to which Stockman replied, “I’m trying to sober up” (audience applause).
Stockman went on to proclaim that we’ve had a giant frat party for the last thirty years and the day of reckoning is at hand. Colbert asked him how he would fix it and he replied that one of the ways would be to ‘cut the defense budget’. Colbert responded by saying, “Why not hand the keys to al Queda, put lady liberty in a burka, and ban bacon?”
Stockman countered that we have an annual $800 billion defense budget of which only a small percent goes towards finding Osama bin Laden. This is true. We spend a great deal of taxpayer dollars on weapons systems that are becoming ineffective. We currently have twelve aircraft carriers (Not sure if this includes the newly christened George H. W. Bush). Each of these requires 5,000 people; mostly teenagers, to operate. We have contracts for super cool F-35 fighters and Osprey helicopters; most of which are inefective in modern warfare. How much of this is necessary? The military industrial complex that Dwight Eisenhower warned us about is in full swing.
Stockman went on to say that Simpson-Bowles is a well intentioned pin-prick in solving the problem.
It’s telling when even the Republicans of days gone by are admonishing the current regime for their misbehaviour. Perhaps they should take notice that they are putting the country in danger by playing partisan politics.
- Reagan Budget Director Stockman Says GOP Has Abdicated Fiscal Responsibility (alan.com)
- David Stockman Hates The Bush Tax Cuts (247wallst.com)
- Reagan Budget Director David Stockman To GOP: You Can’t Get The Job Done (alan.com)
- Republican Grownups Abandon Republican Party (alan.com)
- No Tax Proponents Are Delusional – Reagan’s Budget Director (themoderatevoice.com)
- Reagan Budget Director: ‘Mad Men’ at Fed are ‘Out of Control’ (abcnews.go.com)
- David Stockman’s prophecy of fiscal doom (salon.com)