his center plus switching gears former reagan budget director david stockman brought some sense to c.m. d.c. this morning take a look. he was the only one that was ready to vote in the senate is the heart of the problem we have destroyed the capital markets the money markets in his words mean nothing everything is trading all of who said. he was given a hat tip to ron paul before going into that tirade and he didn't stop there we'll talk about it let's get to today's capital account. as i pointed out at the top of the show it's new is evidently for mitt romney to say he wouldn't get rid of all of health care reform but it is not news if we told you that health care costs in the u.s. have skyrocketed over the years with little to look forward to in the way of reform that's a story we all know well by now here's a chart to show the numbers though over the years health care costs in the us have increased from five percent of g.d.p. in the one nine hundred sixty s. to seventeen point four percent in two thousand and nine as you can see on the chart there this is five percentage points more than

cofan right right on an episode one way so this was awesome when i came to work and saw that on c.m. d.c.'s squawk box this morning former budget director said this about the fed disincentive eyes in washington from cutting spending from taking on interests such as the military industrial complex take a listen go never do it if you can keep borrowing free money forever right because no said and these lunatics who are running and i use that word advisedly are basically telling the whole world on truths about the cost of money about the cost of risk about how you allocate you want to why we. go david stockman saying that on the n.b.c. i mean there was so much that i could have chosen from just one minute of his analysis on that show that i just loved it's so nice to see an establishment figure a former establishment figure saying these things on stand b.c. you talk about. cloud computing you know a cloud to trade by computers on central bank policy like we've talked about of the miscalculating credit miscalculating risk because what that's kind of like it's like you have a giant car pile u