Co-chairmen of the National Commission on Fiscal Responsibility and Reform, former Sen. Alan Simpson and Erskine Bowles participate in a Joint Deficit Reduction Committee hearing on Capitol Hill, on November 1, 2011 in Washington, DC.
March 28th, 2012
10:29 AM ET
9 years ago
The return of Simpson-Bowles
New York (CNNMoney) - More than a year has passed since the ambitious Simpson-Bowles deficit reduction plan went down in flames.
In December of 2010, the plan fell short of the 14 votes required for the commission to present its recommendations to Congress for a legislative vote. Much lip service was paid to the "seriousness" of the plan. But most members of Congress gave it no serious consideration. Ditto for the White House.
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Simpson , is a hypocrite. It wasn't till he retired , that he did anything , He was owned by lobbyist !
"In December of 2010, the plan fell short of the 14 votes required for the commission to present its recommendations to Congress for a legislative vote. Much lip service was paid to the "seriousness" of the plan. But most members of Congress gave it no serious consideration. Ditto for the White House."
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In 2010, Democrat Barack Obama commissioned Simpson Bowles.
In 2010, Democrats controlled both houses of congress.
In 2010, Democrat Barack Obama basically said to Simpson and Bowles, "Thanks, but no thanks".
I guess the failure of Simpson Bowles is the Republicans fault.
LaTourette and other repugs only see the budget cuts side of Simpson-Boyles. The Simpson-Boyles deficit reduction plan calls for revenue increases (tax hikes) matching the spending cuts, and no House budget the repugs passed had any revenue increase.
To blame the Senate or President Obama is another part of the right wing propaganda plan.
The Pilgrims came to the New World to get away from Big Government, not Re-Invent it. My how we have strayed. People forgot. so Politicians like Franklyn Deleno Roosevelt, Lyndon Baines Johnson, William Jefferson Clinton, and Barrack Obama fell into the Trap. Now the Chickens have come home to Roost. All this Big Government was tried in the old Soviet Union. It Failed. Will the people continue to go down this path to total distruction or figure out where their future lies. Continuing down this current path is like Ma and Pa Kittle on Steriods. ???
Ray E. (Georgia) wrote:
The Pilgrims came to the New World to get away from Big Government, not Re-Invent it.
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The Pilgrims came to the New World seeking freedom from religious persecution and freedom from a theocratic government.
Ray do you even realize what year it is? First learn history then study politics and govt. theory. Then try and make a profound statement. I am NO LIBERAL Stooge nor am I a TEA PARTY nutjob. I am just an educated moderate and I am telling you what you say here makes no sense and we are all now dumber for having read it. It is our system that is broken and an ignorant generation of people who wish it was still 1950 or 1850 for that matter are a huge problem. To blame one party without even mentioning the other is pure ignorance of facts and history. Learn something then speak you dolt!
I'm glad it failed, and hope it continues to fail.
Ask someone from the UK how austerity during tough economic times is working for Great Britain. Answer: not so well.
Egads some of my smoke, mirrors and snake oil is blowing back on me!! Don't these pawns know they were just part of the show, you know, make it look like I was interested and going to do something. I guess I forgot to clue them in that this was all just a hoax on them and the American people. My bad.
Data Driven
I'm glad it failed, and hope it continues to fail.
Ask someone from the UK how austerity during tough economic times is working for Great Britain. Answer: not so well.
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Ask someone who knows what bankruptcy would do to this country. Answer: Nothing good.
@ Ray E. (Georgia)
The Pilgrims came to the New World to get away from Big Government, not Re-Invent it.
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Yeah, I remember that section from the Mayflower Compact. Yep, plain as day. Its interesting that you come from a state that actually gets more dolalrs from DC than you send. Since you live there voluntarily, one can only conclude you love that big government in DS more than the folks in New York and California since it allows you to sit on your arse, tapping away.
No one can take the Democrats serious. All they do is tax and spend. When was the last time they even proposed a budget for consideration? This whole episode was a scam. They owned the white house, the senate and the house of representatives for two full years. They could have passed any budget they wanted without needing a single republican vote. So what did they do? They paid off their union buddies, their buddies on wall street, the banks and they "deemed passed' a 2 trillion dollar in the hole take over of health care that is now being proven to be against the law. All the while millions of Americans were losing their jobs. After 3 years, what do the Democrats have to show for their efforts? Rich union bosses, rich wall street bankers and the same millions are still unemployed. And all the money they printed has devalued the dollar and is forcing those who have a job to cut back and do without things they used to could afford before Obama.
It is 2 minutes past midnite Cinderalla.. The Carrage has turned to a pumpkin. The truth is a hard pill to swallow isn't it Koss? You in College? Well get that Degree, and then go out in the World and get an Educatiion. And please, stop using those Food Stamps! Pay your College debt, you can do that can't you? Do I have to pay it for you???
@ The Real Tom Paine,
I live in Georgia and I can attest that we have a lot of either ignorant or just give a crap people here. They moan about all the taxes they pay and 'BIG government but are the first ones to either line up for government to help them or to line their pockets depending on which side of the fence they fall. The ignorant ones only listen to what Rush and Fox News tells them regardless of whether it has a shred of truth in it. To top that, we never have any choice on who to vote for anymore. The Republicans have made sure they stay in power through hook or crook.
I'm one of the moderates who believe that these idiots in Congress should work together. Our lot in Georgia doesn't and people can talk about voting them out but it's kind of hard to when no one runs against them. And trust me, it's not because they do a good job either!
The Real Tom Paine - Yeah, I remember that section from the Mayflower Compact. Yep, plain as day. Its interesting that you come from a state that actually gets more dolalrs from DC than you send. Since you live there voluntarily, one can only conclude you love that big government in DS more than the folks in New York and California since it allows you to sit on your arse, tapping away.
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The federal government doesn't need to be taxing people at a federal level only to return the money back to the states. Too much is lost in the bureacracy and the remainder sent to the states always has strings attached that force the states to do things, under the threat of losing the money.
Yes, the federal government has developed a very nice state extortion scheme. The States blew it when they lost control of their Senators. Senators were SUPPOSED to protect States rights. Now they are just protecting and extending the power of the federla government over the States.