Former Reagan Budget Director Stockman Interview

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Feb. 14 (Bloomberg) -- David Stockman, who served as budget director in the Reagan administration, talks about President Barack Obama's $3.7 trillion budget proposal. The spending plan projects the federal deficit will exceed $1 trillion for the fourth consecutive year in 2012 before falling to more “sustainable” levels by the middle of the decade. Stockman speaks with Matt Miller and Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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