The former budget director under President Ronald Reagan said something you don’t hear often from people who have worked under Reagan or from conservative politicians. That is, that the conservative idol and oft-referred to leader of a bygone era left a “horrible legacy.”Read More: Former Reagan Official: "Reagan Era Was A Horrible Legacy" || Politic365
“The thing that came out of the Reagan era, which really was a horrible legacy, was the notion that deficits didn’t matter and the rationalization that we were only trying to starve the beast and if the deficit got big enough or persistent enough or extended far enough in time, surely they would wake up and shrink the government,” said David Stockman, former Director of the Office of Management and Budget from 1981-1985, at the Cato Institute Wednesday.
The chief and most original insight is his analysis of Reagan's defense build up and its connection to the Iraq war of the 1990s. I never heard anything like it before this lecture. It's pure gold. Read it for yourself.