Well, the Republican Congressional Arson Committee was out-voted Wednesday and the government shutdown has ended and the debt ceiling has been raised. At least for a few months. Now come the analyses striving to set the Conventional Wisdom.
|By: Jon Walker Tuesday September 17, 2013 1:45 pm|
Simpson was once frequently invoked by Obama but now he struggles to get anyone to pay attention to the latest rehash of his proposal. Progressives mostly won this messaging war even with the other side literally spending hundreds of millions.
|By: Jon Walker Friday April 19, 2013 4:08 pm|
The dynamic duo of deficit hysteria are at it again. Alan Simpson and Erskine Bowles have put out yet another deficit reduction proposal calling for $2.5 trillion in reductions. Not surprisingly their plan includes cutting Medicaid, raising the Medicare retirement age, adopting the Chained-CPI for Social Security, and cutting military pensions.
|By: Zach Tomanelli Friday March 8, 2013 9:50 am|
Simpson-Bowles II is just a plan for dismantling our most important social programs while protecting the loopholes enjoyed by corporations and billionaires. By moving the goal posts and demanding bigger cuts, the Catfood Cabal is once again stoking fears about the economy in order to force the “shared sacrifices” of their austerity agenda upon us. We know this plan will be continually proposed as April 1 approaches and we need to recruit new activists to join the fight against it.
|By: Jon Walker Tuesday February 19, 2013 3:10 pm|
Just in case you were worried that Washington might have accidentally stopped talking about Erskine Bowles, Alan Simpson, or the deficit for a whole day the dynamic duo is trying to grab the spotlight today with a brand new deficit outline.
|By: David Dayen Tuesday December 4, 2012 7:09 am|
In trying to make a quick understanding of the Boehner counter-offer on the fiscal slope yesterday, I knew that his reference to the “Bowles plan” was not a reference to Bowles-Simpson but rather something Bowles wrote or said in November 2011. It turns out that it came from testimony before the failed Super Committee, where Bowles basically spitballed a reform measure totaling $2 trillion by averaging out each sides’ initial offers.
|By: David Dayen Monday December 3, 2012 4:12 pm|
John Boehner delivered a letter to the White House today about the fiscal slope, and I just find it to be weird. He starts off by calling the events of November 6 a “status quo election” where the American people expect a “fair middle ground” on fiscal issues (the fact that House Democrats got more votes than House Republicans, and could have taken the chamber but for factors like gerrymandering, didn’t enter into this). He then says that Republicans “presented (the White House) with a balanced framework of spending cuts and new tax revenue. Nobody has seen this and the White House has repeatedly said that Republicans have not presented them with anything specific.
Then, Boehner laments the terrible partisanship of the Geithner proposal, which he frames in ways favorable to the Republican position.
Then there’s this curious line: “If we were to take your Administration’s proposal at face value, then we would counter with the House-passed Budget resolution.”
|By: David Dayen Wednesday November 28, 2012 12:45 pm|
Every time Erskine Bowles and Alan Simpson talk about how the United States simply cannot afford to offer their citizens a modest income in retirement, they get $40,000. This is three times the amount that Social Security recipients actually get themselves in retirement, ANNUALLY. Bowles and Simpson get that for an hourlong talk.
|By: David Dayen Tuesday November 27, 2012 8:50 am|
Somehow, the Democratic majority spent two years putting a health care bill together and they somehow forgot to restrain the growth in health care programs, even though that was the main watchword of the entire policy debate, is that what I’m to believe here? In fact, the Affordable Care Act committed the federal government to $800 billion more spending on Medicaid through 2022, 99% of the total federal-state costs in expansion. I support that as the major driver of coverage expansion in the ACA, and it’s all paid for. But now we’re told it’s completely unsustainable and needs to be dealt with RIGHT NOW, the base be damned.
|By: Dean Baker Tuesday November 27, 2012 6:11 am|
Millions are no doubt wondering how we know that the government has to reduce deficits by $4 trillion over the next decade. This appears to be the magic number that underlies the budget discussions between President Obama and the Republicans in Congress, and it is widely accepted by Serious People everywhere, but where did this magic number come from?