February 19th, 2013
07:31 AM ET
8 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.
FULL STORY
From CNN Politics
- Trump's army takes aim at 2022 touting his election lies March 23, 2021 05:01 am
- Why Republican voter restrictions are a race against time March 23, 2021 04:27 am
- Warnock's seat comes into focus amid battle over voting laws and filibuster rules March 23, 2021 03:06 am
- White House aides prep $3 trillion jobs package for Biden March 23, 2021 02:30 am
- Biden administration continues to deny journalists access to border facilities March 23, 2021 02:28 am
- Arguing against statehood for DC, congressman says it has no car dealerships (it does) March 23, 2021 02:23 am
Obama will have none of that!
Sensible, wise Men. Hope it works (smile)
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.
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 !!!!!
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