David Stockman on U.S. Debt Crisis

David Stockman discusses why increasing debt for the Obama jobs bill is an ill advised plan. Stockman states that we need to both raise taxes and reform entitlements in order to fix the financial mess. He goes on to comment on the disastrous policies of the FED. The idea of simultaneously raising taxes and reforming entitlements appears to be nearly impossible at this point since each idea falls on the opposite side of the political spectrum.