Simpson, Bowles Blast Fiscal Cliff Deal – Call For Spending Cuts

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Simpson and Bowles did not have many good things to say about the fiscal cliff deal…

“The mountain roared and gave birth to a mouse,” Simpson said of the deal. “This things isn’t going to do anything, really.” Simpson savaged the president and Congress for ignoring the recommendations produced by the deficit reduction commission. “Don’t forget, in our commission, we got five Democrats, including Dick Durbin, five Republicans, including Tom Coburn, one independent, how do you do any better than that?” Simpson asked. “And the president ignored it, and the Congress has ignored it because they won’t do the big stuff, and the big stuff has got to get done…we’re the healthiest horse in the glue factory right now.”

Bowles emphasized that, while lawmakers have tackled the easy problems facing the nation, the more difficult ones remain. “We have got to reform the tax code to make it more globally competitive, we have got to reduce this entitlement spending…and we have got to make social security sustainably solvent.” Bowles said. “It’s gotta be growth, it’s gotta have some revenue, but the big part going forward has gotta be spending cuts,” he concluded.

Just as a reminder, the fiscal cliff deal added over $330 billion to the deficit, raised taxes on almost 80 percent of American households, and included no major spending cuts. You aren’t going to get two guys that will look at this deal more fairly than Simpson and Bowles – the two guys appointed by Obama to construct a budget – so maybe people should, ya know, pay attention to their ideas this time around instead of completely ignoring them.

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