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Aug 9 2011
We already have a blueprint: recommendations from the National Commission on Fiscal Responsibility and Reform, otherwise known as Bowles-Simpson. That plan, formally delivered in December, called for vast, discomfiting reform - modifications to Social Security along with tax code changes that included eliminating several popular deductions. We think that range and depth of tax and entitlement reform is needed.
Aug 6 2011
Late last year, Erskine Bowles and Alan Simpson, who co-chaired the bipartisan National Commission on Fiscal Responsibility and Reform, laid out the framework to reduce the debt and get us back on track. The key element is simple, in fact, very simple. All parts of the budget must be on the table -- expenditures and revenue.
Aug 5 2011
Say what? Super what? It seems to me that we already have had 2 super committees addressing the issues. One was the Debt Commission appointed by the White House. After months of negotiations their suggestions were completely ignored. And the most recent was the “gang of 6” whose suggestions were also ignored. Here were six legislators doing the unthinkable thing of actually sitting down together (Dems and Reps) and working out a compromise to the immediate Debt Ceiling crises. They were not appointed by anyone. They were our representatives; finally, six out of the whole batch, taking their jobs seriously and representing not only their own interests but those of the nation as well.
Aug 5 2011
I'm one of those who thought Obama made a huge mistake in not endorsing the plan to get a handle on our huge national deficit -- and $14 trillion debt -- proposed by the bipartisan Erskine Bowles (Democrat)-Alan Simpson (Republican) debt commission. Yes, it would have been painful medicine but it was a much more carefully thought-out prescription and much fairer than the August agreement that kicks the can down the road.
Aug 5 2011
We desperately need someone to act like an adult in Washington. Use the Bowles/Simpson debt commission report or the Gang of Six proposal - we don’t need a super-committee or yet another report, we need action. Ultimately, someone needs to look the American people in the eye and tell them everyone is going to have share in the burden, and call upon our better selves to do what is right. To not act now will make things even more painful when we are finally forced to do so.
Aug 4 2011
Forget "supercommittees" that promise to be as dysfunctional as the recent debate. If the president, the leaders in Congress and even the Republican candidates for president really want a starting point, they should be reexamining a conveniently forgotten, innovative plan put forth by the Bowles-Simpson debt commission last year, which would achieve a nearly $4 trillion in deficit reduction. It would be a starting point to show that they are finally getting smart and serious about resolving our financial ills and would create the sorely needed positive perception that they are not continuing their stupid, idiotic way of governing as our economy continues to deteriorate.
Aug 4 2011
The agreement approved this week gives Congress and the president time to act on the Bowles/Simpson recommendations for deep domestic and military spending cuts, coupled with closing $1 trillion in tax breaks annually. If we finally get serious about getting our national debt under control, something good will have come out of this epic and deeply partisan battle.
Aug 3 2011
In spite of all the lofty talk of a grand deal that would raise the debt ceiling and reduce long-term debt, Congress and the White House fell far short of what Obama's own National Commission on Fiscal Responsibility and Reform recommended last December. Headed by Alan Simpson, a former Republican senator from Wyoming, and Erskine Bowles, a former chief of staff to President Bill Clinton, the commission recommended spending cuts, entitlement program changes and tax reforms that would slice $3.8 trillion from the deficit.