Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.
I think Stockman is an interesting sort of amalgam.
Simple doesn't mean stupid. Thinking that it does, does.
I'm especially baffled by the idea of taking insurance against a U.S. default. If America defaults, we're talking about a chaotic world - Mad Max, more or less - in which case, who imagines that insurance claims will be honored?
The federal government is basically an insurance company with an army.
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.