http://www.rawstory.com/rs/2010/09/reagan-adviser-republicans-you-job-doneReagan adviser to Republicans: ‘You can’t get the job done’By Stephen C. Webster
Sunday, September 26th, 2010 -- 11:13 pm
former adviser to President Ronald Reagan told a news radio program (NPR) recently that Republicans "can't get the job done" with their redux of the 1994 "Contract with America."
"(If) you're exempting two-thirds of the budget and you're focusing only on non-defense discretionary, which actually is only about 500 billion or 15 percent of the budget, it's pretty obvious you can't get the job done," said David Stockman, a former adviser to President Reagan, in a recent interview with National Public Radio.
"Some economic analysts have said that if you do that, that by the year 2020, the government wouldn't have enough money to spend on anything except for Medicare, Social Security and defense if it's lucky," summarized interviewer Guy Raz. "Do you think that sounds about right?"
"Yes, I do," Stockman replied. "We couldn't afford the Bush tax cuts when they were put in in 2001, 2003. Now, we're - eight years later, we're trillions in additional debt later, we're two unfinanced wars later, we're a trillion dollars of stimulus spending later, 800 billion of TARP, so it's pretty obvious if we couldn't afford them back then, in no way, shape or form can we even dream about affording them now."
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