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David Stockman, President Ronald Reagan's Budget Director, says the U.S. economy is not in a state of recovery. Massive debt creation in the public and household sectors has resulted in the United States 'living beyond (its) means," says Stockman. As a result, Stockman states, the United States has not fully recovered from the Great Recession... and won't anytime soon.

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Have any comments or questions about our Thursday video editions of IMPO Insider? Or do you have a video you'd like to see featured in one of our deployments? Email me at Joel.Hans@advantagemedia.com.

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