Fri Nov 30, 2012, 01:20 PM
brentspeak (17,713 posts)
Erskine Bowels: "We're Going Over the Cliff!!!"
Er, Erskine Bowles, that is.
Erskine Bowles Predicts 'We're Going Over The Cliff'
Posted: 11/28/2012 11:51 am EST Updated: 11/28/2012 2:12 pm EST
WASHINGTON -- Pessimism grew on Wednesday over whether congressional leaders and the White House will strike a debt reduction deal to prevent the looming "fiscal cliff."
"I think the probability is we're going over the cliff," said Erskine Bowles, a former Clinton administration official and former co-chair of President Obama's influential debt commission. Bowles told reporters Wednesday morning that he believes "chances are one-third that we'll get something done in the lame-duck " and another one-third "that we'll go over the cliff and people will come to their senses very quickly … in the first week or so," to reach a compromise deal. The final 33 percent chance, Bowles said, was that no deal would be reached -- an outcome he called "insane."
Simpson and Bowles are currently the co-chairs of the Campaign to Fix the Debt (CFD), a group calling for deficit reduction centered around steep cuts to Social Security, Medicare and Medicaid, or what they call "entitlements." The campaign is funded in part by hedge fund billionaire Peter G. Peterson, a longtime deficit hawk and proponent of fiscal austerity. Simpson was also present at the Wednesday morning roundtable with the press, which was hosted by The Christian Science Monitor.
Later in the day, Simpson and Bowles will travel to Capitol Hill to join a group of corporate CEOs who are leading the Campaign to Fix the Debt's "CEO Fiscal Leadership Council" in meetings with both party's congressional leaders. A number of the CEOs are also scheduled to meet with Obama later in the afternoon, part of a major lobbying push by the CFD.
Can this weasel be drop-kicked into Siberia, please?
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Erskine Bowels: "We're Going Over the Cliff!!!" (Original post)
|Angry Dragon||Nov 2012||#5|
|The Magistrate||Nov 2012||#8|
Response to brentspeak (Original post)
Fri Nov 30, 2012, 01:26 PM
Junkdrawer (27,993 posts)
4. "co-chair of President Obama's influential debt commission"....
But I guess he was balanced by Obama's other pick as "co-chair: Alan K. (Can I kill Social Security, pretty please?) Simpson