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David Stockman Says U.S. Can't Afford Tax-Cut Extension: Video

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Published on Mar 23, 2012

Dec. 2 (Bloomberg) -- David Stockman, U.S. 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)

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