Boehner’s Counter-Offer: Based on Impromptu Bowles Super Committee Testimony

By: Tuesday December 4, 2012 6:20 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 [...]

Boehner’s Counter-Offer: How About the Ryan Budget? Bowles-Simpson? Help Me Out Here!

By: Monday December 3, 2012 2:51 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 [...]

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 [...]

Democrats Angling to Ignore Base in Fiscal Slope Deal

By: Tuesday November 27, 2012 7:45 am

I again think gridlock is the best ally of anyone who would rather not see a bad deal on social insurance put together. Clearly Democrats are dying to knife their base. What’s more, gridlock would put Democrats in a better position, particularly on taxes, because of what automatically results after January.

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 [...]

Treasury Rumors: Replacements for Geithner on Either Side a Fairly Sorry Lot

By: Monday October 1, 2012 2:11 pm

The next Administration, whoever it may be, will feature a new direction on policies around economic and finance issues. That’s because, even if Barack Obama wins re-election, Treasury Secretary Timothy Geithner has announced that he would leave his post. So you either get a Romney Presidency and an entirely new direction on these policies, or [...]

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 [...]

Erskine Bowles Heaps Praise on Paul Ryan in 2011 Video

By: Tuesday August 14, 2012 7:35 am

I’m not sure I even have to add words to this post. Just avail yourself of Erskine Bowles, floated as a potential replacement at Treasury in an Obama second term, the “liberal” half of the Bowles-Simpson catfood commission, singing the praises of Paul Ryan, a year after Ryan rounded up his fellow House Republicans on [...]

Erskine Bowles-to-Treasury Rumor Picks Up Steam

By: Friday August 10, 2012 12:34 pm

Jon Walker was basically right about Erskine Bowles’ op-ed in the Washington Post today, criticizing Mitt Romney’s tax plan. Romney has been trying to associate his plan with Bowles-Simpson when the two have little in common. But I was more distressed last night by the fact that Obama campaign bigwig Stephanie Cutter approvingly tweeted out [...]

Deficit Scolds Form New Rock Supergroup

By: Tuesday July 17, 2012 11:58 am

All the uncertainty around fiscal issues has convinced the group of Washington mandarins who have been trying to undermine the social safety net in service to reducing the deficit that this is the moment to strike. Practically everyone affiliated with a commission that could earn the appellation “cat food” over the past several years has [...]

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