Press conference featuring Erskine Bowles, Alan Simpson, and CRFB President Maya MacGuineas releasing a letter from over 60 former government officials and business leaders calling for the Super Committee to "go big."
As the Super-Committee begins its work, we wish to extend our sincere best wishes to the members. From our experience as co-chairmen of the Fiscal Commission, we indeed know the magnitude of the problem and the serious challenges the Super Committee will face in coming to a solution. However, we also know that a bipartisan agreement that truly and honestly tackles our debt problem is possible as long as all sides are willing to put all their sacred cows in the corral, check party politics at the door, think outside the box, and think more about America.
Alan K. Simpson seems to be missing that little voice that stops most people from saying everything they think. That means he’s forever making his friends as angry with him as his enemies. A Republican who represented Wyoming in the U.S. Senate from 1979-97, he served as co-chair of President Obama’s federal debt commission, urging fellow conservatives to set aside their opposition to all taxes and liberals to abandon the idea that entitlements can’t be touched. As Congress launches a new bipartisan “super committee” charged with finding more than a trillion dollars in savings—a provision in the just-passed debt deal—BBW asked Simpson to size up their unenviable task.
"The problem with the plan is that it’s just a step forward; it isn’t a solution... [M]ore tough work will be necessary..."
Even after taking the country to the brink of economic disaster, our leaders in Washington still could not forge a broad, bipartisan consensus on a plan to stabilize the debt...While I hope we have avoided an immediate downgrade in our credit rating by avoiding a default, the threat of a downgrade hasn't gone away if we don't go a lot further than this deal did in tackling our debt.
The bigger, more far-reaching and more comprehensive we made our plan, the more support we received from our members.
Bowles and Simpson react to the deal Congressional leaders have struck to increase the debt limit and enact deficit reduction.
CNN invited prominent former leaders and policymakers to offer their advice on the debt crisis standoff in Washington, including Moment of Truth co-chair Alan Simpson.
He understands that in order to move our country forward, both political parties have to be willing to find a middle ground. It takes a lot of guts to put your name on a compromise proposal that your traditional supporters may not love. But that’s what principled compromise is, and that’s what America needs right now.
The proposal by the Gang of Six makes many important contributions to the ongoing discussions about how to fix the budget situation, starting with the fact that they have demonstrated that there is broad, bipartisan support for a serious, comprehensive plan to deal with our nation’s debt. But perhaps the most significant contribution is their tax reform plan, which is breathtaking in its boldness and has the potential to unleash significant economic growth.