Fiscal Responsibility Photos on Townhall

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              FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporte

    FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporte

    Posted: 5/2/2013 3:23:28 AM EST
    FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporters on Capitol Hill in Washington, following a closed-door meeting with House Speaker John Boehner. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. In budget circles, $4 trillion in deficit cuts is an important figure because that's the amount of savings claimed by Obama's own deficit commission, co-chaired by Bowles. (AP Photo/J. Scott Applewhite, File)
  •  - Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Posted: 2/19/2013 12:58:20 PM EST
    Erskine Bowles (L) and Alan Simpson (R), co-chairmen of the National Commission on Fiscal Responsibility and Reform, take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington, November 1, 2011. REUTERS/Jonathan Ernst
  •  - Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Posted: 2/19/2013 12:58:20 PM EST
    Erskine Bowles (L) and Alan Simpson (R), co-chairmen of the National Commission on Fiscal Responsibility and Reform, take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington, November 1, 2011. REUTERS/Jonathan Ernst
  •  - Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Posted: 2/19/2013 9:36:58 AM EST
    Erskine Bowles (L) and Alan Simpson (R), co-chairmen of the National Commission on Fiscal Responsibility and Reform, take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington, November 1, 2011. REUTERS/Jonathan Ernst
  •  - Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Posted: 2/19/2013 9:36:58 AM EST
    Erskine Bowles (L) and Alan Simpson (R), co-chairmen of the National Commission on Fiscal Responsibility and Reform, take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington, November 1, 2011. REUTERS/Jonathan Ernst
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              Former White House Chief of Staff Erskine Bowles, co-chair of the National Commission on Fiscal Responsibility and Reform, is pursued by reporters on Capitol Hill in Washington, Wednesd

    Former White House Chief of Staff Erskine Bowles, co-chair of the National Commission on Fiscal Responsibility and Reform, is pursued by reporters on Capitol Hill in Washington, Wednesd

    Posted: 11/28/2012 5:18:40 PM EST
    Former White House Chief of Staff Erskine Bowles, co-chair of the National Commission on Fiscal Responsibility and Reform, is pursued by reporters on Capitol Hill in Washington, Wednesday, Nov. 28, 2012, following a closed-door meeting House Speaker John Boehner of Ohio. (AP Photo/J. Scott Applewhite)
  •  - Bowles departs after a U.S. Joint Select Committee on Deficit Reduction hearing on Capitol Hill in Washington

    Bowles departs after a U.S. Joint Select Committee on Deficit Reduction hearing on Capitol Hill in Washington

    Posted: 6/11/2012 10:25:51 AM EST
    Erskine Bowles (L), co-chairman of the National Commission on Fiscal Responsibility and Reform, hugs an unidentified man as he departs after a U.S. Joint Select Committee on Deficit Reduction hearing on Capitol Hill in Washington, November 1, 2011. REUTERS/Jonathan Ernst
  •  - Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Bowles and Simpson take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington

    Posted: 6/11/2012 10:25:27 AM EST
    Erskine Bowles (L) and Alan Simpson (R), co-chairmen of the National Commission on Fiscal Responsibility and Reform, take their seats to testify before the U.S. Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington, November 1, 2011. REUTERS/Jonathan Ernst
  •  - Hannelore Kraf, the SDP rival to Angela Merkel

    Hannelore Kraf, the SDP rival to Angela Merkel

    Posted: 5/2/2012 1:36:38 PM EST
    Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia (NRW) holds a bunch of roses as she campaigns in the western German city of Guetersloh April 19, 2012, for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. Picture taken April 19. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay (GERMANY - Tags: POLITICS ELECTIONS BUSINESS)
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:07:52 AM EST
    File photo of Hannelore Kraft, Social Democratic (SPD) premier of North Rhine-Westphalia (NRW) frowning during a SPD nomination party congress in Duesseldorf March 31, 2012, for the upcoming May 13, 2012, state elections in NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay/Files (GERMANY - Tags: POLITICS ELECTIONS HEADSHOT BUSINESS)
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:07:31 AM EST
    File photo of Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia kicking a soccer ball during her election campaign tour in the western German city of Gelsenkirchen April 14, 2012, for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay/Files (GERMANY - Tags: POLITICS ELECTIONS)
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:07:11 AM EST
    File photo of Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia using her tablet computer to write a comment for social media during her election campaign bus tour near Warendorf in Westphalia April 14, 2012, for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay/files (GERMANY - Tags:
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:06:58 AM EST
    File photo of Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia leaving her election campaign bus in the western German city of Muenster April 14, 2012, as she campaigns for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay/Files (GERMANY - Tags: POLITICS ELECTIONS)
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:06:42 AM EST
    Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia (NRW) hands out roses at a fruit and vegetable stall as she campaigns in the western German city of Guetersloh April 19, 2012, for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. Picture taken April 19. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay (GERMANY - Tags: POLITICS
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:06:35 AM EST
    A pensioner expresses her thanks after receiving a rose from Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia (NRW) as she campaigns in the western German city of Guetersloh April 19, 2012, for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. Picture taken April 19. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay (GERMANY - Tags:
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:06:26 AM EST
    Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia (NRW) hands out a rose to a cyclist as she campaigns in the western German city of Guetersloh April 19, 2012, for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. Picture taken April 19. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay (GERMANY - Tags: POLITICS ELECTIONS BUSINESS)
  •  - To go with story GERMANY-ELECTION/DEBT

    To go with story GERMANY-ELECTION/DEBT

    Posted: 4/23/2012 5:06:15 AM EST
    Hannelore Kraft, Social Democratic party (SPD) federal state premier of North-Rhine Westphalia (NRW) holds a bunch of roses as she campaigns in the western German city of Guetersloh April 19, 2012, for the upcoming May 13, 2012, state elections in Germany's most populous federal state NRW. Under Chancellor Angela Merkel, Germany has forced high-debt countries like Greece, Ireland and Portugal to accept painful austerity as a condition for financial aid. Spain and Italy are also making unprecedented budget cuts in a desperate bid to avoid bailouts. But in NRW, a rust-belt state whose debt has swelled to a record 180 billion euros ($237.74 billion), the electorate is rejecting Merkel's message of fiscal responsibility and embracing the SPD's go-slowly approach, which promises investments in children, education and NRW's ailing cities. Picture taken April 19. TO GO WITH STORY GERMANY-ELECTION/DEBT REUTERS/Wolfgang Rattay (GERMANY - Tags: POLITICS ELECTIONS BUSINESS)
  •  - Senators Lieberman, McCain and Graham listen to remarks at the Fiscal Responsibility Summit in Washington

    Senators Lieberman, McCain and Graham listen to remarks at the Fiscal Responsibility Summit in Washington

    Posted: 12/5/2011 8:59:07 PM EST
    Senators Joe Lieberman (L), John McCain (C) and Lindsey Graham listen to remarks at the Fiscal Responsibility Summit hosted by President Obama at the White House in Washington February 23, 2009. REUTERS/Kevin Lamarque
  •  - Alan Simpson speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington

    Alan Simpson speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington

    Posted: 5/25/2011 2:30:43 PM EST
    Former U.S. Republican Senator Alan Simpson, co-chair of the National Commission on Fiscal Responsibility and Reform, speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington, May 25, 2011. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS HEADSHOT)
  •  - Alan Simpson speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington

    Alan Simpson speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington

    Posted: 5/25/2011 2:29:41 PM EST
    Former U.S. Republican Senator Alan Simpson, co-chair of the National Commission on Fiscal Responsibility and Reform, speaks at the 2011 Fiscal Summit on Solutions for America's future in Washington, May 25, 2011. REUTERS/Jason Reed (UNITED STATES - Tags: POLITICS BUSINESS)