David Stockman was born in Ft. Hood, Texas in November 1946. He received his B.A. from Michigan State University in 1968. Afterward he pursued graduate studies at Harvard University, 1968-1970 and 1974-1975.
Stockman went to Washington in 1970 where he served as special assistant to U.S. Representative, John Anderson of Illinois, 1970-1972. He was executive director, U.S. House of Representatives Republican Conference, during 1972-1975.
He was elected to U.S. House of Representatives for the 95th Congress and was reelected in two subsequent elections, serving from January 1977 until his resignation January 1981.
He then became Director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. He was the youngest cabinet member in the 20th century.
In 1986 Stockman wrote a best-selling book, “The Triumph of Politics.”
After leaving government, Stockman joined Wall St. investment bank Salomon Bros. and later became a founding partner at New York-based private equity firm, The Blackstone Group. He left Blackstone in 1999 to start his own private equity fund, Heartland Industrial Partners, L.P., based in Greenwich, CT.
David Stockman lives in Greenwich, CT, with his wife Jennifer Blei Stockman. They have two daughters, Rachel and Victoria.
Stockman bump for later..........
He then became Director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. He was the youngest cabinet member in the 20th century.
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And he was fired ( he actuallly quit, Reagan ‘took him to the woodshed’ and then ignored his advise) because he failed to appreciate and refused to support the Reagan tax cuts and testified to Congress against them and I see he’s still calling for tax increases. He is irrelevant.
Please include in bio:
David Stockman to pay $7.2 mln in SEC settlement
http://www.reuters.com/article/idUSN1921195120100419
The deal with means testing social security is this: Congress just has to pass it with a President that will sign it. It’s one of those things that the fear mongering is scarier than the reality, like the AFDC cuts in the 90. Talking about it gets demagogues going and people scared. You do it and nothing changes except in the positive. People wake up the day after, they are still getting thier social security checks if they need them, and the budget looks a lot better.
The future is that we default on some of our Treasury debt, and ask foreign buyers who don’t like it if they would instead like to meet the US Marine Corps, up close and personal. This will make the USA an economic pariah for decades, and our standard of living will continue to grind steadily downward as the world will slowly stop doing business with us. We’ll be Argentina in twenty years or less - a largish upper class living very well behind steel gates, a huge underclass living off what remains of the failed welfare state, and the big banks and other financial entities remaining thoroughly indemnified against the consequences of their business decisions.
The author is a communist.
LLS
Stockman is as big of a dreamer as most liberals. He sounds like David Broder operating in a fantasy world. Expecting politicians and their constituencies to act responsibly is for 16 year olds.
Truth: the US is a deadbeat nation that is too far gone for tweaking, and is too irresponsible for taking its castor oil. The contraption has to collapse, and force a solution that can’t be avoided. Just like any other deadbeat.
Poor little David. He’s been lost to the public spotlight for a couple decades now, and in his waning years he’s making one last attempt at making a name for himself, operating as an opportunist that has some great wisdom everyone else is missing. How much is he paying these days to get his junk published?