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Two well-known Washington insiders -- Erskine Bowles, a former White House chief of staff under Bill Clinton, and Alan Simpson, a retired Republican Senator -- have issued a press release updating their famous deficit-reduction plan.
America Needs Honesty to Step-up to the Plate.With the Super Committee’s November 23rd deadline quickly approaching, people should be questioning why our debt is expected to grow rapidly in the face of a $1.5 trillion cut in spending. One answer: baseline budgeting.The CBO baseline projection for year 2021 estimates that our nation’s debt is to hit $18 trillion—77% of GDP.