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Bowles Simpson

Fight for Big Ideas: Expand Social Security

Nancy Altman | Posted 01.11.2015 | Politics
Nancy Altman

Democrats have historically been the party of Social Security and the champion of the middle class -- so what happened?

Zach Carter

Austerity Fetishists Are Finally Giving Up | Zach Carter | Posted 05.15.2014 | Politics

WASHINGTON -- American deficit hawks gathered in the nation's capital on Wednesday to commiserate over the collapse of the U.S. austerity movement, so...

Palin's National Debt Mischaracterization vs. American Indebtedness

Steven Kurlander | Posted 01.25.2014 | Business
Steven Kurlander

There's no way to attain the American dream anymore for young and old alike unless the overall debt problem in America, not just the national debt, is brought under control. In economic terms, this debt is truly enslaving our children.

Paul Krugman: When Prophecy Fails

The New York Times | Paul Krugman | Posted 12.24.2012 | Business

Back in the 1950s three social psychologists joined a cult that was predicting the imminent end of the world. Their purpose was to observe the cultist...

'Right-Wing Social Engineering' Still Strong Despite Democratic Gains in 2012

Joseph A. Palermo | Posted 02.19.2013 | Politics
Joseph A. Palermo

President Obama and the Democrats' willingness to accept cuts to Social Security in the form of the gimmicky "chained CPI" right after an election where no candidate for federal office campaigned on it shows that the Right's long-term project of undoing the New Deal marches on despite the electorate's wishes.

Villaraigosa Fires Back At His Critics

The Huffington Post | Kathleen Miles | Posted 12.07.2012 | Los Angeles

LA Mayor Antonio Villaraigosa responded defensively to the backlash he's received for signing onto the Republican-leaning Campaign to Fix the Debt on ...

Paul Blumenthal

Centrist Group Masks GOP Backing | Paul Blumenthal | Posted 12.03.2012 | Politics

WASHINGTON -- Members of the influential Campaign to Fix The Debt struck a posture of post-partisan political neutrality this past week, as they swarm...

Ian Gray

Alan Simpson, As A Senator, Said Social Security Benefits Should Not Be Cut | Ian Gray | Posted 11.28.2012 | Politics

Former Sen. Alan Simpson (R-Wyo.), an outspoken proponent of cutting Social Security who has referred to it as a "ponzi" scheme, has not always been s...

'Fiscal Cliff' Fearmongers Mimic Mitt Romney

Ethan Rome | Posted 01.20.2013 | Politics
Ethan Rome

Although the election is behind us, the Republicans and Corporate America have rolled out a front group that's promoting the proposals of failed GOP presidential candidate Mitt Romney as a way to resolve the fiscal showdown.

The Human Cost of Simpson-Bowles

Eric Laursen | Posted 01.12.2013 | Politics
Eric Laursen

The Bowles-Simpson plan, which corporate CEOs, leaders of both parties in Congress and even newly reelected President Obama has indicated could be a conversation starter for the debt and tax negotiations to follow this election, could turn back the clock for older Americans.

Lame Duck Whip Count

Nancy Altman | Posted 10.25.2012 | Politics
Nancy Altman

Once again, politicians are quietly scheming about ways to implement Wall Street austerity plans, including cutting important systems like Social Secu...

Strange Times

Mike Lux | Posted 12.19.2012 | Politics
Mike Lux

I am deeply aware of the irony of talking about taking Obama on in a big fight right after an election battle where I am so strongly supporting his reelection. Welcome to politics in 2012.

Ryan Grim

Austerity War Revs Up: Private Equity Baron Drops Millions On New Campaign | Ryan Grim | Posted 04.24.2013 | Politics

WASHINGTON -- Billionaire private equity mogul Peter Peterson is investing millions of dollars in a new Washington-based campaign for austerity, plann...

A Progressive Primer on the Issue of America's Debt Problem - Ten Things You Really Need to Know

David Coates | Posted 09.22.2012 | Politics
David Coates

The real deficit we have is an ouput gap. We are at least 12 million jobs short to get back on track to the 2007 peak. With that deficit before us, bipartisan commissions that focus exclusively on issues of federal fiscal responsibility serve only to distract.

Thank You, Paul Ryan

Robert Kuttner | Posted 11.16.2012 | Politics
Robert Kuttner

Given the importance of Social Security to regular Americans and its partisan value to Democrats since Franklin Roosevelt, no sane Democrat should be associated with these efforts. But in an age of Citizens United and unlimited corporate donations, where Obama tacks back and forth between criticizing Wall Street and soliciting Wall Street executives for campaign funds, it is all too tempting to demonstrate fiscal "soundness" by joining this parade. Thanks to Paul Ryan, however, the president may be spared again. The association of Romney-Ryan with the gutting of Medicare and Social Security offers just too tempting a political target to throw away for the sake of impressing Simpson, Bowles, and their corporate cronies. Or so we must hope.

Deficit Rorschach Test: The Presidents, the Editors, and the Truth

Richard (RJ) Eskow | Posted 11.10.2012 | Politics
Richard (RJ) Eskow

Both political parties have "an aversion to telling the truth," says WaPo. The truth? That newspaper's editors are part of a small but powerful billionaire-funded circle that seems to believe that any facts that don't support their distorted and unpopular ideas are deviations from the "truth."

The Fiscal Cliff and the Political Chasm

Robert Kuttner | Posted 09.21.2012 | Politics
Robert Kuttner

For more than a decade, deficit hawks and their allies in the media have been promoting a grand bargain whereby Republicans agree to tax hikes and Democrats agree to cut social programs like Social Security and Medicare. That, in turn, will put the deficit on a downward path and presumably restore economic growth. The trouble with this premise is that the current deficit is mainly the result of the recession itself plus the Bush tax cuts and military spending increases. It has nothing to do with Social Security; the projected increases in Medicare spending are only the result of failure to tackle deeper health care reform.

Obama the Underdog

Robert Kuttner | Posted 08.24.2012 | Politics
Robert Kuttner

Obama's move flummoxed the Republican Party into a week of rare silence, left Romney to speak gibberish to the NALEO meeting, and intensified support for Obama among Latinos without an offsetting backlash among Anglos. Obama's reluctant and belated acceptance of same-sex marriage accomplished something similar. Here public opinion remains closely divided, but is unmistakably moving in the direction of greater tolerance, especially among independent voters. Once again, the Republican capture by the hard right is revealed, and Romney is put in a usefully awkward position. The question, however, is why Obama waited so long, and why he doesn't pursue other areas where the Republican position is far to the right of public opinion. The answer seems to be a combination of Obama's own innate caution, and the obsessively tactical, "test-everything" orientation of his campaign strategists.

Alan Simpson: Pulling Apart Social Security, And Proud of It

Nancy Altman | Posted 08.11.2012 | Politics
Nancy Altman

Senator Simpson, no amount of ageism can hide the harm your plan would cause for Americans -- young and old, alike.

Fiscal Futility

Robert Kuttner | Posted 05.13.2012 | Politics
Robert Kuttner

Austerity is a false cure for a prolonged recession. The Peterson Foundation is using a genuine crisis as an excuse to bash social insurance, at a time when we should be expanding social insurance. It's appalling that so many people are gulled by this propaganda.

CEO Backs Controversial Plan

The Huffington Post | Luke Johnson | Posted 05.04.2012 | Politics

JP Morgan Chase CEO Jamie Dimon on Thursday backed the Simpson-Bowles proposal, which cuts entitlements, other spending and raises taxes to reduce the...

The Bowles-Simpson Medicine Show Is Back in Town

Richard (RJ) Eskow | Posted 05.29.2012 | Politics
Richard (RJ) Eskow

As soon as one pitch ends, another begins. So this ain't over, folks, because every good medicine-show pitchman knows: You gotta keep on offering the crowd that "grand bargain" until you wear 'em down and they buy it.

Zach Carter

CEOs Embrace Tax Hike Plans Rejected By Paul Ryan | Zach Carter | Posted 03.08.2012 | Politics

WASHINGTON -- A powerful coalition of corporate executives on Wednesday praised a deficit reduction plan that has long been maligned by GOP leaders fo...

At Social Security Rally, Working Americans Burst Beltway Bubble

Daniel Marans | Posted 05.30.2011 | Politics
Daniel Marans

The deterioration of wages and benefits in the private sector is one reason why Social Security has never been more important.

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."