In an interview with CNN, David Stockman, former Office of Management and Budget director in the Reagan Administration, was asked if he thinks congressional leaders will forgo a budget deal and allow a government shutdown to happen this week. And if a shutdown does happen, what would it accomplish?
“The Republicans need to man-up and shut the government down. They have been bloviating for 30 years about cutting spending and have done almost nothing.”
He went on to say:
“And the government needs a shut-down crisis because both parties are dream walking. Sadly enough, we actually need a violent spasm in the financial markets to wake-up the politicians if we are to have any hope of confronting the colossal fiscal threat facing the nation.”