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Erskine Bowles

Morgan Stanley: Please Allow Me to Introduce Myself ...

Richard (RJ) Eskow | Posted 12.15.2012 | Home
Richard (RJ) Eskow

If there's one area where our country prides itself on its moral progress, it's in our battle to eliminate racism and end the ruthless exploitation of racial minorities. Pride, meet Morgan Stanley.

Ryan Grim

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

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

Fix the Debt!

Jonathan_Miller | Posted 12.03.2012 | Home

Whatever our ideology, there is one issue about which most every American agrees: Our country's debt path threatens us with an economic crisis if we do not take action. Fixing the long-term debt outlook, however, is a tall order.

The Banker Who'd Cut Social Security and Medicare - and May Become Treasury Secretary

Richard (RJ) Eskow | Posted 11.17.2012 | Home
Richard (RJ) Eskow

Why is the Administration talking about replacing Treasury Secretary Geither with a wealthy banker who wants to cut Social Security and Medicare, would lower taxes on his fellow rich people, and is trying to impose European-style job-destroying austerity on this country?

Joshua Hersh

Paul Ryan Never Committed To Budget Commission, Former Rep. Says | Joshua Hersh | Posted 08.20.2012 | Home

A former Democratic congressman who sat across from Paul Ryan on a major bipartisan budget deficit commission said Mitt Romney's running mate took a h...

Despite Recent Criticism, Official Once Praised Paul Ryan Plan

Posted 08.14.2012 | Home

Erskine Bowles, co-chair of President Barack Obama's budget-deficit commission, had unusual praise for Paul Ryan at a 2011 event, shown in a video pos...

To Beat Romney-Ryan, Obama Must Embrace Bowles-Simpson

Ben Ritz | Posted 10.13.2012 | Home
Ben Ritz

Paul Ryan's whole argument has been that "at least he has a plan." If Obama offers a plan to save Medicare and Social Security from themselves, create a better tax code, and balance the budget, Ryan's entire appeal would fall apart.

The Fiscal Cliff and the Political Chasm

Robert Kuttner | Posted 09.21.2012 | Home
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.

The Dirt on Erskine Bowles: The Tame Half of Bowles-Simpson

Dean Baker | Posted 09.08.2012 | Home
Dean Baker

Erskine Bowles' job as a director of Morgan Stanley was to make sure that nothing like this happened. He was paid a huge salary to make sure that the company's top management was following sound business practices. He failed just about as badly as a person possibly could.

A Hollywood Ending For the Deficit? Steve Brodner Video

Washington Spectator | Posted 08.18.2012 | Home
Washington Spectator

In "A Brodner Minute," Steve Brodner's animated video series for The Washington Spectator, the illustrator skewers the 2012 candidates and other targe...

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

Nancy Altman | Posted 08.11.2012 | Home
Nancy Altman

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

Ryan Grim

Alan Simpson Fires Off Letter To HuffPost | Ryan Grim | Posted 06.09.2012 | Home

WASHINGTON -- The American people are tired of hearing "bullshit and mush" in the debate over the future of Social Security, former Sen. Alan Simpson ...

Ryan Grim

Alan Simpson Accepts Social Security Debate Challenge | Ryan Grim | Posted 05.31.2012 | Home

WASHINGTON -- Former Sen. Alan Simpson (R-Wyo.), a leading voice in the argument over the future of Social Security, has agreed to debate progressive ...

An Open Letter About Alan Simpson's Recent Comments

Eric Kingson | Posted 07.29.2012 | Home
Eric Kingson

Mr. Simpson is free to express his point of view, but his hateful rhetoric should not be given a pass and continued platform.

Alan Simpson Lashes Out At GOP 'Madness'

Posted 05.27.2012 | Home

Former Sen. Alan Simpson (R-Wyo.) lashed out at members of his party on Sunday, slamming them for their unwillingness to compromise on proposed tax in...

Deficit Reduction: The Great Distraction

Dean Baker | Posted 07.14.2012 | Home
Dean Baker

When we hear Erskine Bowles and his friends rant about the deficit this week, we should remember that once again they are distracting the public from the country's real problems. And this crew is at the center of those problems; it is not the solution.

CEO Backs Controversial Plan

The Huffington Post | Luke Johnson | Posted 05.04.2012 | Home

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

'We Face The Most Predictable Economic Crisis In History'

Posted 04.30.2012 | Home

Bloomberg View: Erskine Bowles, a true Southern gentleman and co-chairman of President Barack Obama’s erstwhile budget-deficit commission, came ...

The Bowles-Simpson Medicine Show Is Back in Town

Richard (RJ) Eskow | Posted 05.29.2012 | Home
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.

Santa Claus, the Tooth Fairy and the Bowles-Simpson Commission Report

Dean Baker | Posted 05.05.2012 | Home
Dean Baker

Parents often find it useful to tell their children about non-existent creatures to instill habits of good behavior. It seems that many political leaders are going the same route.

The American Business Community's Collective-Action Problem

Charles Kolb | Posted 03.07.2012 | Home
Charles Kolb

Many observers question whether today's business leaders have a heart when it comes to their role in the country's growing income disparity. A more appropriate question might be to ask whether they have a head.

A Fateful Weekend for U.S. Fiscal Stability

Bill George | Posted 01.22.2012 | Home
Bill George

The fate of the fiscal stability of the United States was sealed on the weekend of December 4-5, 2010.

Raising Medicare Eligibility Age Erodes Social Security Benefits, New Study Shows

Daniel Marans | Posted 01.04.2012 | Home
Daniel Marans

A proposal to increase the Medicare eligibility age, which the Super Committee is considering, would drive up health care costs to the point where they would consume almost half of the Social Security check of a middle-class retiree.

Super Committee Supercollides Over Taxes for Rich

Meredith Bagby | Posted 01.03.2012 | Home
Meredith Bagby

Thus far, the Committee has been largely secretive about negotiations. What we do know comes from leaks and this week's first public hearings.

Killing Us Softly

Richard (RJ) Eskow | Posted 11.13.2011 | Home
Richard (RJ) Eskow

We're seeing the demonization of the victim everywhere. It's in the public hatred for underwater homeowners and now reaches to the highest halls of power in both parties, where we told that helping struggling homeowners would be "rewarding the undeseverving."