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The supercommittee’s make-or-break question - The Washington Post
Keywords:
Erskine Bowles, a former chief of staff under President Clinton, and Alan Simpson, former senator from Wyoming, say the U.S. Supercommittee members should remember that their personal priorities and the common good are not at odds. The authors of the Bowles-Simpson Presidents Commission for deficit reduction say there is growing discontent among voters with politicians who are obsessed with gaining partisan advantage. Using issues of national importance that require a common approach from all parties as a way to score political points will only backfire on these politicians. Personal priorities of members of Congress are now no longer at odds with the common good, they are converging. It is upto the Congress, members of both parties, to push back against the special interests and partisan politics, and show leadership on the deficit. The eurozone crisis has shown the dire consequences of any sluggishness or procrastination. The failure of the political class and leadership in Italy and Greece, and in other nations of the EU, has put the fate of these countries in the hands of markets, which have relentlessly pushed up the borrowing rates of Greece, Italy, Spain and other countries, and taken future direction out of the hands of politicians. Erskine and Bowles say don't wait for a fiscal crisis to take action because it will be disastrous economically and politically, with everyone as losers and no winners. Timidity is not an option, leadership is required to take action that is big and broad, tackling tax expenditures, entitlement expenditures, defense, across the board.
Alan Simpson on the August 2 Debt Ceiling and Deficit legislation of August 2, 2011
01/16/2009
Alan Simpson of the Simpson-Bowles Commission talks about the debt panel or super-committee's task in coming up with $1.2 trillion in savings by the end of 2011. Simpson says the work of that committe will be similiar to the work he and Bowles engaged in. An enormous effort will go into clearing misperceptions and preconceived notions. He says there are only so many ways of coming up with savings and everything has to be touched to get to the goal, given that the U.S. borrows 39 cents of every dollar it spends.
Grouped Articles
Debt Hawk Alan Simpson on the Work Ahead
BusinessWeek 08/04/2011
Washington Post 08/07/2011
Tom Keene Talks to David A. Stockman
BusinessWeek 08/04/2011
Why the Debt Crisis Is Even Worse Than You Think
BusinessWeek 07/27/2011
Reid Names First Debt-Panel Picks
Wall Street Journal 08/10/2011
Republicans Set Debt-Panel Roster
Wall Street Journal 08/11/2011
Deficit discussions in the U.S. and revenue from taxes- 2011-2012
07/04/2011
Negotiations between the White House, Democrats and Republicans, to achieve major reductions and cuts in spending, and increase tax revenues by reducing tax expenditures. The discussions for an action plan on the U.S. budget deficit have reached an impasse with Republicans opposed to any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 07/05/2011
New York Times 07/04/2011
New York Times 07/07/2011
How the U.S. went from a CBO surplus projection of $2.3 trillion for 2011 to a deficit figure $12.7 trillion below that estimate
01/16/2009
The CBO projection was made in 2001 and showed a surplus of $2.3 trillion for 2011. Two wars, higher defense spending added about $2 trillion. The Stimulus about $700 billion. Figures from the analysis done by the Pew Fiscal Analysis Initiative using CBO numbers.
Grouped Articles
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
Washington Post 08/07/2011
Tom Keene Talks to Robert Skidelsky
BusinessWeek 07/28/2011
Why the Debt Crisis Is Even Worse Than You Think
BusinessWeek 07/27/2011
New York Times 08/13/2011
Forecast Clouds Debt-Cut Outlook
Wall Street Journal 08/25/2011
John Taylor and other experts on the U.S. budget, deficits, and private investment for jobs
01/27/2009
Taylor asks why the U.S. cannot get by on a budget that is 20% of GDP, when this is what the budget was in 2007 and GDP is much larger today. He says private investment can do a better job reducing unemployment and creating a growing U.S. economy. Taylor provides advice on the Romney Plan.
Grouped Articles
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Obama's Permanent Spending Binge
Wall Street Journal 04/22/2011
Five Lessons for Deficit Busters
Wall Street Journal 06/20/2011
Wall Street Journal 06/27/2011
Charlie Rose Talks to Robert Rubin
BusinessWeek 08/04/2011
Washington Post 08/07/2011
The "Gang of Six" U.S. deficit reduction plan in the U.S. Senate in mid 2011
07/20/2011
Grouped Articles
The Gang of Six: New hope in the debt crisis - The Washington Post
Washington Post 07/20/2011
Can the Gang of Six’s plan pass? - Ezra Klein - The Washington Post
Washington Post 07/20/2011
Gang of Six Plan Cuts Both Ways
Wall Street Journal 07/21/2011
Bloomberg View: Get Behind the Gang of Six; Obama's Right on CFPB
BusinessWeek 07/21/2011
CBO confirms debt deal would save at least $2.1 trillion - The Washington Post
Washington Post 08/01/2011
The supercommittee’s make-or-break question - The Washington Post
Washington Post 11/17/2011
The Balanced Budget Amendment in the U.S. Congress in August 2011
07/14/2011
Critics say the balanced budget amendment would prevent the use of countercyclical policies in a downturn like the present one facing the U.S. economy. Because of the tendency of politicians to avoid difficult decisions and "kick the can down the road," it serves to focus attention on making the cuts in spending, including tax expenditures, that can help reduce the deficit to sustainable levels.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
Why a balanced-budget amendment is too risky - The Washington Post
Washington Post 07/19/2011
Wall Street Journal 07/19/2011
For Republican Freshmen, the Power of No
New York Times 07/29/2011
The U.S. political system, politics and the U.S. Deficit in 2010-2013
12/30/2010
Republican positions that do not require offsets for tax reduction, and Democratic positions that go along with the status quo. The politics behind the debt ceiling talks as President Obama seeks re-election and advantage going into the election, and the conservative Republicans oppose any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
U.S. Defense Spending in a world of Budget Deficits- post 2010.
07/09/2010
A shift in mood to a smaller defense budget that can be sustained in the long run. Smarter spending as the solution to budget constraints in a deficit world.
Grouped Articles
Shrinking Budget Forces Army Into New Battlefield
Wall Street Journal 05/10/2013
Defense Industry Shrugs Off Early Cuts
Wall Street Journal 05/12/2013
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
The U.S. Military Needs Budget Certainty in Uncertain Times
Wall Street Journal 10/21/2015
Pentagon's Next Mission: Cutting Back on Spending
Wall Street Journal 07/09/2010
Feldstein's proposal for a 2% cap on reduction in taxes from deductions and exclusions.
05/04/2011
Feldstein says its important to increases taxes not tax rates. And the the way to go is to follow the President's Bowles-Simpson Deficit Commission's proposal on tax expenditures. As it is politically difficult to eliminate deductions and exclusions he suggests another proposal- limit the reduction in taxes with a 2% of adjusted gross income cap on the reduction any taxpayer gets.
Grouped Articles
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
New York Times 07/04/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Tom Keene Talks to Martin Feldstein
BusinessWeek 07/07/2011
Wall Street Journal 07/12/2011
Top Democrats laud GOP debt-ceiling move - The Washington Post
Washington Post 07/14/2011
Republican views on the Bowles-Simpson Deficit Commission proposals
12/03/2010
Grouped Articles
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 12/03/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
The debt Supercommittee in the U.S. Congress
11/13/2011
The debt panel in the U.S. Congress reached an impasse on the issue of new taxes one week before a November 23, 2011 deadline. Failure to reach an agreement by the deadline leads to automatic across the board cuts including defense as voted earlier by Congress.
Grouped Articles
On supercommittee, growing doubts about reaching a debt deal - The Washington Post
Washington Post 11/14/2011
Deficit Panel Seeks to Defer Details on Raising Taxes
New York Times 11/13/2011
The supercommittee’s make-or-break question - The Washington Post
Washington Post 11/17/2011
GOP supercommittee members’ tax plan gives party an identity crisis - The Washington Post
Washington Post 11/17/2011
How we can succeed through supercommittee’s ‘failure’ - The Washington Post
Washington Post 11/17/2011
‘Supercommittee’ appears unlikely to reach agreement - The Washington Post
Washington Post 11/18/2011
Eric Cantor, Republican leader in the U.S. House of Representatives
02/15/2009
Eric Cantor is a key figure in the negotiations over the budget, deficit reduction, and raising the budget ceiling. Cantor firmly opposes any tax increases for deficit reduction.
Grouped Articles
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
GOP 'Young Guns' attack Obama and former party leaders in new book
Washington Post 09/03/2010
In Gingrich Mold, a New Voice for Solid Resistance in G.O.P.
New York Times 02/15/2009
Eric Cantor Defeated by David Brat, Tea Party Challenger, in Primary Upset
New York Times 06/10/2014
Cantor emerges as key player in debt negotiations - The Washington Post
Washington Post 07/12/2011
Mr. Obama’s debt deal advice: Give peas a chance - The Washington Post
Washington Post 07/12/2011
Krauthammer on the U.S. debt ceiling and deficit reduction talks of 2011
07/13/2011
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Call his bluff - The Washington Post
Washington Post 07/15/2011
Wall Street Journal 07/15/2011
Post-ABC poll: GOP too dug in on debt talks; public fears default consequences - The Washington Post
Washington Post 07/20/2011
Working With New Script to Stop a Train Wreck
New York Times 07/24/2011
Solutions to the U.S. budget deficit, including changes in Social Security and Medicare.
10/21/2010
Grouped Articles
U.S. Annual Budget Deficit Smallest in Nearly Seven Years
Wall Street Journal 06/11/2015
Alice Rivlin's Bid to Cut the Deficit
BusinessWeek 10/21/2010
Key Tax Breaks at Risk as Panel Looks at Cuts
Wall Street Journal 10/25/2010
Physician Panel Prescribes the Fees Paid by Medicare
Wall Street Journal 10/26/2010
Deficit panel leaders propose curbs on Social Security, major cuts in spending, tax breaks
Washington Post 11/10/2010
Panel Weighs Deep Cuts in Tax Breaks and Spending
New York Times 11/10/2010
The 2010 U.S. Deficit Commission report.
10/25/2010
Grouped Articles
Key Tax Breaks at Risk as Panel Looks at Cuts
Wall Street Journal 10/25/2010
Deficit Commission’s $200 Billion in Proposed Spending Cuts
Wall Street Journal 11/10/2010
Deficit Panel's Leaders Push Cuts
Wall Street Journal 11/08/2010
Deficit-Cutting Chairmen Call Washington's Bluff
Wall Street Journal 11/12/2010
Wall Street Journal 11/11/2010
Deficit Reduction Plan Draws Scorn From Left and Right
New York Times 11/11/2010
The U.S. Debt Ceiling and Deficit Reduction Deal of August 2, 2011
01/16/2009
The deal finally put together by Vice President Biden and Senate minority leader Mitch McConnell on August 2, 2011. The deal requires the setting up of a debt panel to come up with additional savings.
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
New York Times 10/20/2013
From Big Spending to Big Cuts, as Economy Stalls
New York Times 07/31/2011
Could this Deal Raise Budget Deficits
New York Times 08/01/2011
The President Surrenders on Debt Ceiling
New York Times 07/31/2011
The view that the burden of U.S. deficit reduction is falling on the elderly, the poor and the middle class
01/20/2010
Bernie Sanders and other leaders who see this as a problem with the plans for U.S. deficit reduction that are under discussion.
Grouped Articles
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
Bernie Sanders’s Revolutionary Roots Were Nurtured in ’60s Vermont
New York Times 07/03/2015
Similarities Aside, Bernie Sanders Isn’t Rerunning Howard Dean’s 2004 Race
New York Times 08/09/2015
Livin’ Bernie Sanders’s Danish Dream
New York Times 02/12/2016
Bowles and Simpson of the President's Deficit Commission defend their plan
11/18/2010
Grouped Articles
Charlie Rose Talks to Erskine Bowles, Alan Simpson
BusinessWeek 11/18/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 03/03/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
Martin Feldstein, Sheila Bair and other experts on the Bowles-Simpson Deficit Commission proposals
11/17/2010
Grouped Articles
The Deficit Dilemma and Obama's Budget
Wall Street Journal 11/18/2010
America's budget deficit: Speak softly and carry a big chainsaw
Economist 11/20/2010
Sheila C. Bair - Will the next fiscal crisis start in Washington?
Washington Post 11/26/2010
Debt and Taxes: Will Washington Ever Grow Up?
BusinessWeek 11/17/2010
Martin Feldstein - How to cut the deficit without raising taxes
Washington Post 11/29/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
The two US Deficit Commissions in 2010 and the Deficit from Growing Health Care Costs
01/31/2008
Bowles-Simpson Deficit Commisssion proposals, critics say, did not adequately tackle the health care part of the US Deficit. Rivlin-Domenici Deficit Commission phases out the tax exclusion on employer-subsidized health care insurance. Both fall short in addressing the health care portion of the deficit.
Grouped Articles
New York Times 12/11/2010
In Battle Over Health Law, Math Cuts Both Ways
New York Times 01/07/2011
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
Second Panel Calls for Cutting Military Spending
New York Times 11/17/2010
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