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View Diary: GOP offers fiscal cliff 'proposal' but forgets to include any details (140 comments)

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  •  Here are the specifics: (0+ / 0-)

    The Simpson-Bowles plan.  As Bowles related in his Washington Post Op-ed published the day after the election:

    It’s the type of bipartisan package toward which the fiscal commission I co-chaired with former senator Alan Simpson, the Domenici-Rivlin group, the Senate’s “Gang of Six” and the Obama-Boehner negotiations all worked. It’s a package large enough to put the debt on a clear downward path, relative to the economy, and designed well enough to promote, rather than disrupt, economic growth. It’s a package that includes real spending cuts and structural entitlement reforms to make Social Security solvent while slowing the growth of federal health spending while protecting vulnerable populations. And it’s a package that institutes fundamental tax reform that simplifies the code and encourages economic growth by cutting spending in the tax code to reduce rates and generate additional revenue for deficit reduction.
    So now the public will understand everything if they just sit down and read the Simpson-Bowles report.

    "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

    by SueDe on Mon Dec 03, 2012 at 01:38:18 PM PST

    [ Parent ]

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