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.
If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
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.