Our proposal is not our ideal plan, and it is certainly not the only plan. It is an effort to show that a deal is possible in which neither side compromises its principles but instead relies on principled compromise.
Moment of Truth Project Executive Director Ed Lorenzen defends the Chained CPI in an op-ed published in the Los Angeles Times.
"It is going to take real political courage on both sides to come together to find common ground for the good of the country."
Bowles and Simpson encourage Congress and the president to put aside partisanship and work toward a principled and lasting plan to fix the debt. They also outline how it could be possible to reach such a bipartisan agreement by using the parameters discussed in negotiations last December as a starting point and pushing both sides to go beyond their comfort zone.
Instead of using this moment as leverage to score political points, our elected leaders should seize the opportunity to finally address the long-term imbalance between government spending and revenue, and to prevent a future debt-induced economic crisis.
Before the year is out, leaders in both parties must reach a principled compromise that stabilizes our debt and puts it on a downward path relative to the economy... Considering how much the country supports a real, balanced approach to the debt, the coming election ought to serve as an incentive to act, not an excuse to kick the can down the road.
In the end, Al and I choose to remain optimistic about the chances for fiscal reform and about the future of this country. The political system doesn’t always move quickly or steadily, but the magnitude of the challenges ahead will require it to act.
Not to decide is to decide. If we in the business community allow members of Congress to think that doing nothing is OK, then that’s exactly what they’ll do.
We need more politicians who understand the calculus that personal priorities and common good coexist. The nation desperately needs broad, bipartisan agreement based on shared sacrifices. And the members of the supercommittee know the policy options and the choices that must be made. Now, it’s a matter of getting the committee’s members to recognize that statesmanship can also be a political win. Some might even call this leadership.
I loved to take on the ideological extremists on both sides when I was in the Senate and took a helluva lot of grief from the special interests passionately defending the sacred cows I dared to brand. But I never lost an election. That is an important lesson that I shared with the committee members. People admire guts and courage. They may fight you. They may vilify you. But they will admire you.