Obama’s Debt Commission Chairs Diss Fiscal Cliff Fix

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Erskine Bowles and Alan Simpson are not impressed with Congress' past-the-last-minute tax shenanigans. Here's what they said.

President Obama created a bipartisan debt reduction committee in 2010 to figure out a way to fix Washington’s busted budgets. What came out of it was the Simpson-Bowles plan, named after its co-chairs. That plan was sure talked about a lot, but pretty much ignored over the past year and a half that Congress could’ve done something with it.

Suffice to say, Simpson and Bowles aren’t very happy with Congress’ alternate New Year’s solution. From a press release [PDF] they issued today…

Washington missed this magic moment to do something  big  to  reduce  the  deficit, reform our tax code, and fix our entitlement programs. We have all known for over a year that this fiscal  cliff  was  coming.  In  fact  Washington  politicians  set  it  up  to  force  themselves  to seriously  deal  with  our  Nation’s  long  term  fiscal  problems.

And then they didn’t. Simpson and Bowles call what Congress passed “a small step” after bringing the country to “the brink of disaster,” and says they need to step out of their comfort zones and find the courage to fix the tax code and government aid programs.

If they don’t, we’re going to see variations of the fiscal cliff playing out over and over again, like that movie Groundhog Day.

Stacy Johnson

It's not the usual blah, blah, blah

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