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August 3, 2011

Who is this Grover Norquist dude, and how did he manage to score so much influence amongst Republicans in the debt-ceiling debate? Alan Simpson — a Republican who helped head Obama’s bipartisan deficit committee earlier this year — called out Norquist for seemingly forcing the GOP into a no-compromise corner on tax increases. “If Grover Norquist is more powerful than the President of the United States and the Congress,” Simpson told Lawrence O’Donnell, “he should run for President.” Harsh words, bro.

21:12 // 3 years ago
April 14, 2011

Deficit commission heads endorse Obama’s plan

  • yesterday The budget plan pitched by the President Obama in his big speech was very similar to the proposal advanced by his bipartisan deficit reduction commission, under Erskine Bowles and Alan Simpson.
  • today Bowles and Simpson met with the President earlier today, and after their meeting, the dynamic duo endorsed his twelve-year, $4 trillion reduction plan (their plan called for $4 trillion over just ten years). source
14:15 // 3 years ago
December 2, 2010
Our debt crisis is a threat not just to our way of life but to our national survival. And the threat that we face is so real and so close that we do not have further time for gridlock or inaction. It’s necessary that we take strong, aggressive action now.
Idaho Sen. (and deficit committee member) Mike Crapo • Revealing that he, along with Sen. Tom Coburn of Oklahoma, would be voting in favor of the deficit committee’s proposal Friday. That means that, along with retiring Sen. Judd Gregg, three Republicans would be voting to send the proposal for a vote in Congress. Problem is, that brings the grand total up to around nine votes. Fourteen of the nineteen members need to vote yes. At least three other  Republicans (including our boy Paul Ryan) and one Democrat (Max Baucus) will vote against it. But that may not matter, according to committee co-chairman Alan Simpson. ”Whether we get two votes or 18, this baby ain’t goin’ away,” he said. He’s right; the ideas will remain no matter what happens. source (viafollow)
21:52 // 3 years ago
December 1, 2010
Deficit Panel’s final findings: Mostly the same as the draft: These guys have offered up a plan that, among other things, would cut 200,000 federal jobs and trim defense spending. But will Congress go for it? source Follow ShortFormBlog

Deficit Panel’s final findings: Mostly the same as the draft: These guys have offered up a plan that, among other things, would cut 200,000 federal jobs and trim defense spending. But will Congress go for it? source

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10:39 // 3 years ago
November 30, 2010

Obama’s bipartisan deficit panel not currently seeing eye-to-eye

  • 18 number of members of the Obama’s bipartisan deficit panel
  • 14 number of votes the panel needs to send their findings to Congress
  • no they don’t have 14 votes yet, but they hope they will by Friday source
20:23 // 3 years ago
November 10, 2010

Obama’s fiscal commission: Cut defense spending, lose the contractors

  • $4 billion in deficit cuts proposed over the next freaking decade
  • $3T the cost to keep the Bush tax cuts for households that make under $250,000 over the next decade
  • 3/4ths of the proposed cuts would be from the Defense Department; the rest would be from tax revenues
  • 250k number of contractors whose jobs would be eliminated under the proposal, saving $18.4 billion source

» How will Congress adopt these ideas? Don’t expect a wholesale adoption of these ideas pushed forward by a bipartisan team of Alan Simpson and Erskine Bowles, but the ideas will definitely push Congress in a fiscally mindful direction.

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21:34 // 3 years ago