We cannot tax cut our way to prosperity any more than we can tax and spend our way into fiscal nirvana. It requires a balanced approach of sensible spending cuts, substantive entitlement reforms and negotiated tax increases.
WASHINGTON -- Former U.S. Senator and co-chairman of President Barack Obama's deficit commission Alan Simpson told an audience Tuesday that politicia...
My household is currently one of millions of victims of a counterintuitive retirement policy. Why should any American be forced to bankroll their own retirement -- as opposed to their employers?
While the Deficit Commission's report may be bold, it isn't bold enough. Eliminating waste won't do it. We need to cut what government does, not just what it spends trying to do it.
The Commission on Fiscal Responsibility and Reform ended its work not with a bang or a whimper, but, as Co-Chair Alan Simpson put it, by taking a "big...
If Congress really wants to rebuild our economy and spur job growth they should start by cutting federal subsidies that incentivize wasteful development and bankrupt our communities.
Today, as the Catfood Commission unveiled its final report, I'll look at some of the people behind pushing the phony "crisis" within an excerpt from the next chapter of my book.
When the budget crisis fanatics say we have no money because government has a "structural deficit," it's just not true. We have a bigger deficit now because we let a bunch of Wall Street gamblers play fast and loose with the rules.
The recession is not a justification for fiscal austerity, but rather an opportunity to show how investing in the American economy can help us grow our way out of tough fiscal times.
If President Obama's deficit commission wants to move America in the right budgetary direction, it needs to take a hard and careful look at the nation...
Everyone likes certain tax breaks but we much choose: we can maintain our herd of hideously expensive tax sacred cows, or we can sacrifice them and set the country on the path to fiscal health.
Some changes to Social Security are inevitable. But the debate should include discussion of benefits adequacy and revenue increases -- not just benefit cuts.
It takes colossal gall to propose, during a period of near-record unemployment, forcing older people to work longer by cutting their Social Security benefits and calling that "reform."
By replacing our crazy-quilt, inefficient system of private health insurers with a streamlined, publicly financed single-payer program, we would reap enormous savings.
In just two hours, about half of the diverse table groups that took part in the America Speaks National Town Meeting were able to find enough common ground to reduce the deficit in 2025 by $1.2 trillion.
Former CEO of Lehman Bros. convenes a fiscal summit for aggressive cuts in Social Security and Medicare benefits. In a hard times economy, we need to protect Social Security's future.
Social Security "reform" advocates like former Senator Alan Simpson claim they will shield young people from future tax burdens. Simultaneously they a...
President Obama and the leadership in Congress have delegated enormous, unaccountable authority to 18 unrepresentative, inordinately wealthy individua...
Alan Simpson is an inspired appointment for President Obama's deficit commission. Among decent men and women he's one of the most beloved and respected figures in American politics.