he's probably the most famous director of office of management budget director, david stockman. d, we want to get to your view of policy, but what do you think of what the fed is doing right now and, you know, their gradually working their way out of the quantitative easing and letting the markets do their thing right now. >> well, you know, bill, i'm off the page. this whole taper kabuki dance is a farce really. it will end up in a gong show, a cacophony at the fed, confusion in the markets, and calamity in the economy. they never should have painted themselves so deep into this qe corner in the first place because the whole predicate is false. we didn't know zero interest rates for seven years because we're already at peak debt. forcing more credit into the economy didn't work. it just encouraged gambling on wall street, fiscal irresponsibility in washington. the private credit channel of monetary transmission is busted. i mean, look at business. it's borrowing hand over fist. total business debt is up from $11 trillion at the 207 peak to $13.5 trillion today, but it's all gone

but for president reagan's former budget director david stockman, raising taxes on the rich isn't nearlyconomy. in october 2010, stockman told lesley stahl that all tax cuts implemented by president george w. bush should be eliminated, even those on the middle class, and that his own republican party has gone too far with its anti-tax religion. >> tax cutting is a religion. what do you mean by that? >> well, it's become, in the sense, an absolute-- something that can't be questioned, something that's gospel, something that's sort of embedded in the catechism. and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the republican party, as much as it pains me to say this, should be ashamed of

david easily picked up the democratic nod. in the texas senate race, john cordon beating tea party candidate steve stockman. >> south africa's blade runner oscar pistorius covered his ears and went with the first prosecution witness. the neighbor said she heard a woman screaming followed by the sound of gunshots. this does contradict his claim that he accidentally shot his girlfriend, thinking she was an intruder, a legal analyst warns this trial has a long way to go. >> as a prosecutor, you would always want to introduce evidence that really creates a good impression and good start for the court. i think the state has really done that by this witness. this witness started with a bang, evidence was really startling. >> he made history becoming the first paralympic athlete to compete in the summer olympic games. he faces a possible life sentence if convicted. >> there is widespread violence against women in the european union. the agency for fundamental rights interviewed women in 48 countries, one in three reporting physical or sexual abuse beginning in the age of 14, one in 20 said they were raped, 75% of women and in top managem