Alan Simpson and Erskine Bowles, the co-chairs of the President’s National Commission on Fiscal Responsibility and Reform issued a 50-page draft proposal a few days ago, outlining what they’d recommend that we do to reign in government spending and significantly cut the nation’s deficit. They maintain that their proposal, which cuts military spending, reforms the […]
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Considering the suggestions of the Commission on Fiscal Responsibility and Reform
Posted in Economics, Politics Also tagged 2037, AFL-CIO, Alan Simpson, baby boomers, Bush tax cuts, Committee for a Responsible Federal Budget, deficit, Ed Lorenzen, entitlements, Erskine Bowles, gas tax, lifespan, loopholes, Marc Goldwein, middle class tax cuts, Morning Joe, mortgage interest tax deduction, National Commission on Fiscal Responsibility and Reform, Obama, Paul Krugman, Pelosi, Peter G. Peterson Foundation, retirement, Richard Trumka, social security, tax cuts, tax loopholes, taxing the rich, the growing gap between rich and poor, the plight of the overtaxed rich 17 Comments