THIS IS WHERE WE’RE HEADED …
We think the recommendations produced by the so-called National Commission on Fiscal Responsibility and Reform (a.k.a. the “Simpson-Bowles” commission) were pretty weak. We’re not saying the cuts this group recommended shouldn’t have been adopted (they should have) but revenue enhancements are not our cup of tea.
Nor are they the economy’s [...]
Trillion Dollar Interest?
Obama Panel’s Cuts
A deficit reduction panel commissioned by U.S. President Barack Obama wants to modify Social Security, trim Medicare and Medicaid and cut government bureaucracy. Released on Wednesday, the new proposals – crafted by former White House chief of staff Erskine Bowles (a Democrat) and former U.S. Senator Alan Simpson (a Republican) – would also enact sweeping [...]
