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Extra: Tough Spending Cuts Ahead?

Name: Extra: Tough Spending Cuts Ahead?
Uploaded: 2010-10-31T13:00:00-0400
Duration: 1 min 47 s
Description: David Stockman, President Reagan's budget director, tells Lesley Stahl that even if the government raises taxes on the rich and everyone else - some tough spending cuts will have to be made.

David Stockman, President Reagan's budget director, tells Lesley Stahl that even if the government raises taxes on the rich and everyone else - some tough spending cuts will have to be made.