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BREAKING: GOP Counters WH Offer on Fiscal Cliff, Embraces Bowles-Simpson Variant

Chestertonfan Wrote: Dec 03, 2012 7:42 PM
I think 20 years is overly optimistic. It is impossible, IMO, to soak up the world's savings at the current rate for too much longer. Also, the printing presses can not continue at the current rate without consequences.

Well, this move by Speaker Boehner doesn't exactly follow my Simpson-Bowles playbook to a tee -- but Erskine Bowles does make an appearance, and Republicans are going on (realistic, reasonable) offense.  In a new letter addressed to the president, House Republican leaders firmly reject the president's non-starter "proposal," pointedly decline to counter with an equally unrealistic wish list, and offer an alternative bipartisan solution: