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Bowles and Simpson Promote Deficit Reduction Proposal

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Erskine Bowles and Alan Simpson appeared on a number of news outlets to discuss their new framework for a comprehensive bipartisan compromise on defecit reduction.

Bowles and Simpson's plan would put the debt on a sustainable downward trajectory as a percentage of GDP by simplifying the tax code, making structural reforms to entitlement programs, and eliminating wasteful government spending. 

After releasing their proposal at last Tuesday morning at Politico’s Playbook Breakfast with Chief White House Correspondent Mike Allen, Simpson and Bowles were interviewed on CNBC’s “Squawk on the Street.”  Asked by host John Harwood how he expects Congress to go beyond the proposals put forward by the president and Congress to find an additional $2.4 trillion in deficit reduction, Simpson responded that "it's either go big or go home" because a comprehensive plan will attract more support from both sides.

Bowles told Jon Scott of Fox News that the key to finding common ground is “asking the Republicans to do some revenues [and] asking Democrats to do more in the area of health care reform” to build on President Obama and Speaker Boehner’s progress from negotiations in December.