David Stockman Says US Can’t Afford Tax-Cut Extension: Video

Dec. 2 (Bloomberg) — David Stockman, US budget director in the Reagan administration, and James Galbraith, a professor at the University of Texas, discuss the proposal by President Obama’s debt-reduction commission, the country’s tax policy and the Treasury market. They talk with Peter Coy, Matt Miller and Carol Massar on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)