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Alan Simpson

Bowles/Simpson Urge Social Security Cuts, Promote Private Accounts -- Simpson Calls Critics "Lying Jerks

Merton Bernstein | Posted 05.25.2011 | Politics
Merton Bernstein

Alan Simpson, co-chair of the Deficit Reduction Commission, once again has trouble with his mouth.

Amanda Terkel

Alan Simpson: Deficit Reduction Proposals Are A 'Sparrow Belch In The Midst Of The Typhoon' | Amanda Terkel | Posted 05.25.2011 | Politics

WASHINGTON -- Former senator Alan Simpson, who co-chaired President Obama's debt commission, blasted lawmakers for refusing to take on Medicare, Medic...

Deficit Commission Chairs Change Tune: No Longer Assert Social Security Causes Deficit

Merton and Joan Bernstein | Posted 05.25.2011 | Politics
Merton and Joan Bernstein

Immediately after appointment to chair the Fiscal Commission, Erskine Bowles and Alan Simpson opened fire on Social Security. Their theme: reining in the federal deficit requires reducing Social Security benefits. So what happened?

Making Social Security More Progressive: The Games They Play in Washington

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The insiders in Washington really really want to cut Social Security, and they are prepared to say or do anything to do it. Among the latest lines is that they want to make Social Security more "progressive."

Debt Commission Staffers Paid By Outside Groups

The Washington Post | Dan Eggen | Posted 05.25.2011 | Politics

...Tthe National Commission on Fiscal Responsibility and Reform has also come under attack for its unusual approach to staffing: Many of its employees...

Hugh Jidette Goes to Washington

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

It would be great if those touting concerns about the deficit were actually interested in having an informed national debate on the economy. But their agenda is to scare millions of voters into giving up the Social Security and Medicare benefits.

My 2010 "McLaughlin Awards" [Part 1]

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

My apologies to anyone tuning in who was expecting to see the 150th "Friday Talking Points" column, since it will be pre-empted for two weeks here. B...

What People of Color Should Know About Tax Cut and Deficit Reduction Proposals

Dr. Maya Rockeymoore | Posted 05.25.2011 | Politics
Dr. Maya Rockeymoore

Any weakening of Social Security (which could happen if a proposed payroll tax 'holiday' passes) would devastate communities of color who are heavily reliant on Social Security's retirement, disability, and survivor's benefits.

Erskine Bowles is Wrong, the Era of Deficit Denial Is Doing Just Fine

David Paul | Posted 05.25.2011 | Politics
David Paul

Tea Party acolytes had among their core message two principles: First, Congress should move quickly to end out of control deficit spending. Second, Congress should stop lying to the American people. Well, so much for that election.

It's Time to Protect and Strengthen Social Security, Not Undermine It

Gara LaMarche | Posted 05.25.2011 | Politics
Gara LaMarche

Widespread claims that Social Security can't pay its bills, or that the trust fund will be depleted by the time today's children are ready to collect their benefits, are false. To the contrary, it's one of the most successful social programs of all time.

The New Silent Majority

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

If the president can let go of his attachment to his postpartisan self-image and embrace the policies Americans want and need, they can be his North Star. But he needs to get over his reflexive distaste for the "old dogma" of the "left."

Obama's "Tax Holiday": A Poison Pill for Social Security

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

You know what they always say: Pay now or pay later. Middle-class Americans may pay very dearly for the president's tax deal, and at the stage of life when they can least afford it.

Alan Simpson Doesn't Know What His Grandchildren Are Talking About

Hilary A. Doe | Posted 05.25.2011 | Politics
Hilary A. Doe

By: Zachary Kolodin, Roosevelt Campus Network As President Obama's Fiscal Responsibility Commission releases its recommendations, we'll continue to h...

Politics Trumps Sound Fiscal Policy (Again)

Bill George | Posted 05.25.2011 | Politics
Bill George

Yesterday's "compromise" between Republicans and the President proves an old adage: political giveaways always trump sound fiscal policy. Or stated an...

The Only Way to Fix the Deficit: Multiply Jobs

William Drayton | Posted 05.25.2011 | Politics
William Drayton

Under Clinton, we went from a $290 billion deficit in 1992 to a $239 billion surplus in 2000 while creating over 20 million private sector jobs. That's no coincidence; job creation and deficit reduction are inextricably linked.

Obama's Deficit Frankenstein

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The Deficit Commission issued its report, and the president has a problem. Like Frankenstein, he built a creature from discarded parts and it took on a life of its own. And like its fictional counterpart, it's threatening to destroy its creator.

Lucia Graves

Deficit Commission Fails To Pass Plan | Lucia Graves | Posted 05.25.2011 | Politics

WASHINGTON -- President Obama's fiscal commission fell short of reaching consensus on a plan to shave $3.8 trillion from the federal deficit over the ...

Hidden Agendas Killed the Deficit Commission

Dave Johnson | Posted 05.25.2011 | Politics
Dave Johnson

The so-called Deficit Commission was charged with coming up with a plan to reduce the budget deficits and accumulated debt by Dec. 1. It didn't work out that way. The commission has failed.

Simpson's Program, Not Social Security, Victimizes the Young

Merton and Joan Bernstein | Posted 05.25.2011 | Politics
Merton and Joan Bernstein

Does he really mean to say that, in our working years, we help pay for the modest Social Security benefits received by the parents who fed, clothed, educated and housed us? What perfidy. What selfishness.

A President at the Crossroads (Who Needs a Little Help From His Friends)

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Tomorrow the deficit commission votes on its draft proposal. If it gets enough yes votes, it's likely to trigger a chain of events that will cost the president and his party dearly.

Locked Out Honeywell Workers Kicked Out of Fiscal Commission Meeting

Mike Elk | Posted 05.25.2011 | Politics
Mike Elk

Locked out workers at Honeywell's Metropolis, Illinois uranium facility have been traveling all over the country to meet with Honeywell CEO David Cote to discuss ending the current lockout.

The Deficit Commission & P3s

Michael Likosky | Posted 05.25.2011 | Business
Michael Likosky

The Deficit Commission makes a number of recommendations which, if adopted, would result in structural changes to how we finance infrastructure projec...

10 Reasons the Deficit Commission Proposal Is Still Unconscionable and Unacceptable

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

We're being told the final draft of the proposal is fairer than its predecessor. It's nothing of the kind. In many ways it's worse than the draft that preceded it, and those much-lauded "compromises" evaporate in the cold light of reality.

Lucia Graves

Steny Hoyer: $13.7 Trillion Debt 'The Most Pressing Problem Confronting Our Country' | Lucia Graves | Posted 05.25.2011 | Politics

WASHINGTON -- House Majority Leader Steny Hoyer said Wednesday that the country's $13.7 trillion debt is "the most pressing problem confronting our co...

Ryan Grim

Deficit Commission: Cut Taxes For Wealthy, Raise Retirement Age For All | Ryan Grim | Posted 05.25.2011 | Politics

WASHINGTON — The president's deficit-commission report, scheduled for a vote by the full panel on Friday, proposes to slash tax rates for corpor...