Erskine Bowles and Alan Simpson weigh in on the deal with their just released statement. The upshot? Leaders need to show more courage to tackle tax reform and entitlements.
For Immediate Release
Date: January 1,2013
Contact: Jon Romano
Statement from the Campaign to Fix the Debt
Co-Founders Erskine Bowles and Alan Simpson
“The deal approved today is truly a missed opportunity to do something big to reduce our long term fiscal problems, but it is a small step forward in our efforts to reduce the federal deficit. It follows on the $1 trillion reduction in spending that was done in last year’s Budget Control Act. While both steps advance the efforts to put our fiscal house in order, neither one nor the combination of the two come close to solving our Nation’s debt and deficit problems. Our leaders must now have the courage to reform our tax code and entitlement programs such that we stabilize our debt and put it on a downward path as a percent of the economy.
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