David Stockman explains in easy to understand language of the coming risks due to reckless spending by Washington. In this 8 minute Bloomberg interview, he lays out his fears of an impending bond market crash. Mr. Stockman and I share the same concerns. However unlike this anonymous blogger Mr. Stockman was the Director of the Office of Management and Budget under Reagan. He later became partner at private equity firm Blackstone Group.
Stupid link issues. The video is here: