A look at former US budget chief David Stockman

AP News
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Posted: Mar 02, 2012 11:17 AM
A look at former US budget chief David Stockman

_ NAME: David Stockman.

_ AGE: 65. Born Nov. 10, 1946, Fort Hood, Texas.

_ EDUCATION: Michigan State University, Harvard Divinity School.

_ WIFE: Jennifer, board president of the Guggenheim museum.

_ CAREER: House of Representatives from Michigan, 1977-81; U.S. budget director, 1981-85; Blackstone Group, 1988-99; founder of private equity firm Heartland Industrial Partners, 1999; CEO of car-parts maker Collins & Aikman, 2003-05 (indicted by federal prosecutors for allegedly misleading investors but charges dropped).

_ MOST SURPRISING THING ABOUT YOU: "Got Cs in math."

_ WHAT HE'S READING NOW: "The Pity of War," by Niall Ferguson.

_ FAVORITE MOVIE: "Gallipoli" _ "Powerfully dramatizes the folly of wars led by warmongers _ in this case, Churchill."

_ LAST BOOK WROTE: "The Triumph of Politics: Why the Reagan Revolution Failed" (1986).

_ BOOK WRITING NOW: "The Triumph of Crony Capitalism."

_ WHAT'S ON HIS DESK: A large paperweight called "On the Brink" by Henry M. Paulson, Jr., the former Treasury secretary. The book is about the government bailouts that Stockman thinks were unnecessary.

_ FAVORITE REAGAN MOMENT: "When he filibustered a whole meeting with Tip O'Neill and had him in stitches with off-color Irishman stories."

_ FAVORITE QUOTE: John Maynard Keynes on monetary inflation: "By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft."

_ FAMOUS FIGURE HE'D MOST LIKE TO DINE WITH: Thomas Jefferson.

_ ONE HE'D LEAST LIKE TO DINE WITH: Teddy Roosevelt.

_ ANY OTHER LIBERTARIANS IN YOUR FAMILY: "Perhaps, but we can't agree on the definition."