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hey everybody tom woods here it is episode two five hundred ninety of the Tom Wood Show. We have the great David Stockman with us today. He is former director of the Office of Management and Budget under President Ronald Reagan. And he is one of a very, very small number of people whose knowledge of the federal budget is such that he can weigh in so

effectively on this general question of budget cutting, particularly in this age of the so-called

Department of Government Efficiency that is being overseen by Elon Musk and Vivek Ramaswami.

Well, if they really want to be serious about doing this

and not just eliminating the oddball academic research project that cost the federal taxpayer 100 grand,

they got to get David Stockman on the phone. Or I don't believe them. I don't believe them.

They're not getting David Stockman on the phone. So David, you wrote a 106-page memo that I read every word of in which you went through in great

detail what would need to be done if you want to start getting an annual $2 trillion in savings

on federal spending.

And I guess the first thing I want to say to you is the definition of book gets smaller

and smaller over time.

I think this is quite publishable, especially under a provocative title, Blueprint for Doge

or something like that, you know, by a man who saw it all under Ronald Reagan,

something like that. Get it out as soon as possible, right? Why not? Yeah, well, actually,

we're thinking along the same lines. I was actually working on an edit this morning

with that exact project in mind. So we can talk about it later. But, you know, the idea was,

I thought we do need two trillion of annual savings a few years down the road. Not in the buy

and buy, you know, in 2050 or something like that. We need it by the end of Donald Trump's

second term. If you're going to

cap this nightmarish eruption of the public debt because now we're into a syndrome

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