Bowles-Simpson back on table
April 17th, 2012
07:02 PM ET
10 years ago

Bowles-Simpson back on table

New York (CNNMoney) - A key senator said Tuesday he would try to revive the so-called Bowles-Simpson plan as a starting point in negotiations over a long-term debt-reduction plan.

Democrat Kent Conrad, the Senate Budget Committee chairman, announced he would present the plan as his opening bid at the committee's budget mark-up on Wednesday.


Filed under: 2012 • Alan Simpson • Deficit • Erskine Bowles • Taxes
soundoff (12 Responses)
  1. GI Joe

    Gee – I wonder if the Hel! no caucus will vote against it?

    April 17, 2012 08:05 pm at 8:05 pm |
  2. Thomas

    I think it has some good points, hope it is considered !

    Yet I'd like to know why Simpson didn't bring this up when he was still holding office .

    It would have helped GW Bush from running the economy into the dumpster .

    Hindsight is always 20/20 in politics.

    April 17, 2012 08:09 pm at 8:09 pm |
  3. enuff

    Sen. Simpson was my representative when in office and is a very intelligent man. I saw him on an interview recently where he said that he has never seen such disfunction in government. This bill would be an excellent start. And for republicans to fight it does not make sense since Mr. Simpson is a republican with experience.

    April 17, 2012 10:08 pm at 10:08 pm |
  4. Mikey

    Bowles-Simpson is far too balanced and much too rational a starting point to receive the support from the GOP.

    April 17, 2012 10:19 pm at 10:19 pm |
  5. enuff

    I believe it is wise to reintroduce this bill.

    April 17, 2012 10:25 pm at 10:25 pm |
  6. Graham Krueger

    It's a sign of how far rightward we've gone when the Democrats are embracing the "cat food commission"'s report. The proposed plan would gut Medicare, Social Security, and pretty much leave the 1% alone. the only ones who would pay any more in taxes are the middle-upper middle class and small businesses. We need to overhaul the tax code, yes, but so that people who are paying for the government are those that actually have the money, not taking it out of the pension funds.

    April 17, 2012 10:30 pm at 10:30 pm |
  7. Ed1

    Just stop spending what you don't have, cut out welfare unless they all take drug tests like I have to, limit babies to two per woman that the government would help pay for, if you have been on welfare more than three years stop paying them, if you are caught lying about what you have, make, and any other questions when applying for any government programs you will go to jail and get kicked out of any government programs for life and you must be a US citizen to receive any government funds of any kind.

    That would be a start and make our government accountable for any wasteful spending of any kind and by no means should you be allowed to vote yourself a raise and have term limits on all elected government officials. retirement would be a 401K plan that you would have to contribute to and no health insurance that would be different than what the health care bill would help provide.

    Then we might see that the government would have to live within their means just like the tax payers do.

    I am sick and tired of people getting a free ride at my expense.

    April 17, 2012 10:49 pm at 10:49 pm |
  8. J.V.Hodgson

    All I can say is about time!!
    It is the only comprehensive plan that actually cuts the debt at the level needed to control it.
    It's also perfect in the sense that it has changes that are sacred cows on both sides i.e big spending cuts for DEMS tax hikes or removal of tax give aways for GOP.
    Time to sit down and negotiate in good faith the interests of the nation not purely republican ideal or democratic ideals but a compromise along the Bowles Simpson lines. it had 61.1% approval on the bi partisan commission.
    Already Cantor is walking out again, that is not reasonable or a negotiating position it simply says not even prepared to talk/ negotiate....
    Well thats not how I want my elected officials to behave. They sit down and try to get a solution that meets the nations needs in these difficult times.
    There are too many time bombs waiting to go off like debt ceiling Oct 1, sequestration cuts, Bush tax cut expiry after the election.
    Have we got it yet that bush tax cuts over 10 years delivers the same in revenue as the Simpson Bowles plan it costs over $400bn per annum. ( QED $4TR over 10 years) Drop that, drop out of wars, make some cuts in defense budgets and some entitlement cuts to shore up social security funding and there is an alternative plan.
    Fed up of republicans doing nothing other than trying to mame Obama look incompetent when thy have no realistic alternative. Ryans budget plans ( spending cuts not defined precisely where) do nothing for debt reduction as it's all given back in more tax cuts.

    April 18, 2012 12:28 am at 12:28 am |
  9. T'sah From Virginia

    ►Bowles-Simpson back on table◄
    It's back and this time, EVERYONE will be able
    To pay a little more attention to it, it's bipartisan, remember?
    I am gathering this would be the next talking point from NOW until November!!!

    NOW, what Republicans?

    Obama 2012 – The Only Trusted Way Forward!!!

    April 18, 2012 06:53 am at 6:53 am |
  10. S. B. Stein E.B. NJ

    It would have been nice if it got through Congress in the first place. I guess we don't have as many mature grown-ups in Congress as we really need; too many ideologues.

    April 18, 2012 07:10 am at 7:10 am |
  11. Another Day in the Idiot Mines

    Take the initials and you have a good summary of this entire process. BS is only a starting point. It contains somethings in it that should never become law. It's a nice conversation starter, though.

    April 18, 2012 07:13 am at 7:13 am |
  12. Namejkane fl live from teapublican moon base no taxes, no regulation no health care, free gas.

    Republicans don't want any progress, they just want to obstruct the economy and blame it on Obama, good luck with that . Most Americans can't wait for Nov to get rid once and for all these republican morons and clowns!!!!

    April 18, 2012 07:57 am at 7:57 am |