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14 Apr 2011 14:15


Politics: 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

01 Dec 2010 10:39


Politics: 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

30 Nov 2010 20:23


Politics: 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

10 Nov 2010 21:34


U.S.: 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.