Stockman’s Warning

President Reagan’s Director of the Office of Management and Budget (OMB) David Stockman was the featured speaker at a special event on the federal debt on November 13, 2025 hosted by the Committee for the Republic in Washington, D.C.  During his speech, Mr. Stockman put America’s federal government debt into historical context:

[P]rior to the 1913 creation of a central bank [the Federal Reserve] with a printing press capable of monetizing the public debt, America’s fiscal record was nothing...