Bowles and Simpson Offer a Modified Budget Plan
Source: Huffington Post
Bowles and Simpson offer a modified budget plan
ANDREW TAYLOR | April 18, 2013 10:02 PM EST |
WASHINGTON The chairmen of President Barack Obama's 2010 fiscal commission are wading back into Washington's budget wars with a revised, somewhat milder plan to rein in intractable federal deficits.
The plan by former Clinton White House chief of staff Erskine Bowles and former Republican Sen. Alan Simpson of Wyoming would lop more than $5 trillion from deficits over the upcoming decade when combined with the deficit-cutting steps enacted in fits and starts since his 2010 proposal.
It's unclear what impact the updated plan will have on the bitter divide over taxes, spending and debt. The initial Bowles-Simpson plan won warm reviews from deficit hawks but received a chilly reception from Obama and much of the rest of official Washington for its tough mix of tax increases and cuts to benefits programs.
Read more: http://www.huffingtonpost.com/huff-wires/20130418/us-budget-bowles-and-simpson/?utm_hp_ref=green&ir=green
Purveyor
(29,876 posts)TomCADem
(17,390 posts)...Even though it includes tax proposals that are very similar to what President Obama and Democrats have asked for. Yet, the media will sit by and let Republicans claim that Democrats walked away from the proposals and are not serious about addressing the deficit even while Republicans religiously refuse to consider raising revenues.
JDPriestly
(57,936 posts)cows sucking at the teat of Social Security.
A couple of rich guys who have got theirs and don't want anyone else to have anything.
winter is coming
(11,785 posts)Bolo Boffin
(23,796 posts)on point
(2,506 posts)Don't trust these guys at all!!
Unless their budget starts with $500 billion annual cuts to pentagon
and tax increases on the wealthy back at least to 50%
not interested.
BillyRibs
(787 posts)(That owned or controlled by the Monied elite) are singing the praises of this "Bold New Plan". Bold new plan My arse! Purina will be expecting a surge of sales if this kind of crap is ever approved. But then again George Carlin said they would be coming for Social security.
flpoljunkie
(26,184 posts)http://www.fixthedebt.org/who-we-are
More...
http://www.ourfuture.org/plain-page/2012114720/truth-about-fix-debt-ceos
Samantha
(9,314 posts)in this discussion.
Fix the Debt advocates lower taxes for the wealthy (especially billionaires) and steep changes in entitlements. Ban them from participation. They also whole-heartedly advocate for outsourcing US jobs overseas.
Some Republicans want Social Security privatized, some want cuts in benefits, some even want Social Security abolished. That pesky FICA tax cuts into their profits. If we have to have it, give it to Wall Street to manage.
Sam