New Bowles-Simpson deficit plan would cut $2.4 trillion
February 19th, 2013
07:31 AM ET
2 years ago

New Bowles-Simpson deficit plan would cut $2.4 trillion

New York (CNNMoney) – Erskine Bowles and Alan Simpson proposed a new framework Tuesday to cut the country's debt by $2.4 trillion over the next decade.

Bowles and Simpson were the co-chairmen of President Obama's bipartisan fiscal commission in 2010, and their recommendations came to serve as a yardstick for other debt-reduction proposals.

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Filed under: Alan Simpson • CNNMoney.com • Debt • Deficit • Erskine Bowles
soundoff (5 Responses)
  1. Rick McDaniel

    Obama will have none of that!

    February 19, 2013 07:45 am at 7:45 am |
  2. Phyllis Gwendoline Williams

    Sensible, wise Men. Hope it works (smile)

    February 19, 2013 08:34 am at 8:34 am |
  3. Rudy NYC

    Rick McDaniel

    Obama will have none of that!
    ------------------------
    Bear witness to classic right wing projection. Actually, the original Simpson-Bowles recommendations from 2010 included tax increases, which the Repubilcans had dogmatically rejected. Republicans had wanted to enact the spending cuts and nothing else and were prepared to, and had, veto any legislation in the Senate that included new tax revenue.

    February 19, 2013 08:41 am at 8:41 am |
  4. jkane sfl the gop national disgrace party will be swept out like the trash they are in2014 ?

    The gop should go to Europe and see how well all the budget cuting workday it always makes. Every thing worse, the gop has never had a successful economic polcicy !!!!!

    February 19, 2013 08:56 am at 8:56 am |
  5. Just a thought

    Rick McDaniel

    Obama will have none of that!
    -------

    And there you have it...and there it is.... This is proof positive why anyone with good sense would avoid allow any GOP/Tea type anywhere near the levers of power. Thinking is not an option for these folks

    February 19, 2013 09:04 am at 9:04 am |