Bowles and Simpson Rake In $40,000 Per Speaking Engagement

By: Wednesday November 28, 2012 9:15 am

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. The Washington [...]

Reports: Bowles Rules Out Treasury Secretary Job

By: Friday November 16, 2012 8:30 am

Erskine Bowles told Maria Bartiromo last night that he would not serve as the nation’s next Treasury Secretary. This apparently happened off-air, but it has been confirmed in local papers in North Carolina, Bowles’ home state: Bowles reportedly confirmed to host Maria Bartiromo off-air that he would not serve as the next Treasury secretary, according [...]

Larry Summers Wants to Extend Fiscal Stimulus

By: Friday October 12, 2012 9:15 am

It’s come to this in America: the most prominent champion of extending stimulus, including the payroll tax cut, is Larry Summers. And he also obliterated the argument for the confidence fairy succinctly. The current debate over the fiscal cliff suggests that legislators are hoping to replace the year-end contraction with a deficit-reduction package that would [...]

Alan Simpson: “I get so damn sick and tired of listening to the little guy”

By: Friday October 5, 2012 10:58 am

Alan Simpson is upset that somebody besides those with the accumulated wealth of a Pete Peterson gets a voice in our democracy: SIMPSON: I get so damn sick and tired of listening to the little guy, the vulnerable, the veteran — I am a veteran, and the seniors and this and this and this and [...]

Debt Scolds Build War Chest to Force Grand Bargain

By: Wednesday September 19, 2012 8:57 am

The forces wanting to put together a grand bargain have amassed a war chest to promote their ideas in the public. The new Campaign to Fix the Debt, organized by fiscal scolds on the left and the right, announced it has raised over $25 million for its campaign. I enjoy the use of the phrase [...]

Bowles-Gregg; Or, Morgan Stanley-Goldman Sachs

By: Thursday June 21, 2012 6:17 am

I guess Alan Simpson and his recurring set of bad manners has become too much of a liability to those intrepid grand bargaineers. So he’s been pulled for a reliever. Enter Judd Gregg, himself just out of the Senate. Former Sen. Judd Gregg (N.H.) is stepping up his role in building Republican support for a [...]

Geithner: Get Ready for Bowles-Simpson

By: Friday June 15, 2012 8:19 am

Treasury Secretary Timothy Geithner spoke in front of the Council on Foreign Relations Wednesday, and he gave what amounts to an endorsement of the Bowles-Simpson deficit reduction plan. Addressing the Council on Foreign Relations Wednesday afternoon, Treasury Secretary Timothy Geithner said that the debate about the path to fiscal responsibility “really began with Bowles-Simpson and [...]

Bowles and Simpson Lurking on the Edges of Fiscal Cliff Disarray

By: Tuesday May 29, 2012 9:41 am

One of the bigger issues with the complete lack of consensus from the Democratic establishment as the fiscal cliff nears is that it gives oxygen to a group of right-leaning fiscal scolds who see the opportunity to decimate safety net programs, allegedly in exchange for some tiny giveback on taxes they will describe as balanced. [...]

Alan Simpson: One Tit Down, 309,999,999 to Go

By: Wednesday May 23, 2012 12:55 pm

Alan Simpson, the most avuncular-looking Mean Girl in Washington, is back at it again. He fired off a letter to the California Alliance of Retired Americans, months after making an appearance in the Golden State that included a protest by this group. It was clearly eating at his soul so much that he had to [...]

The Moving of the Overton Window on Fiscal Policy

By: Monday February 20, 2012 1:02 pm

I liked this Mark Thoma piece about the shifting of the Overton Window. I think I alluded to this with my story on a new round of tax cuts being humped by the GOP, and the new bipartisan consensus on the virtue of tax cuts as a stimulus measure. I know exactly what the Administration [...]

To Deficit Scolds, We Always Need to Cut $4 Trillion

By: Tuesday September 13, 2011 9:35 am

Brian Beutler notices that the “taxes on the rich” that President Obama’s Administration suggested yesterday to pay for the American Jobs Act weren’t really taxes on the rich, but a tax trigger that would only set off if the Super Committee didn’t come up with $450 billion to pay for the job measures in the [...]

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