"When this really stupid, stupid, stupid sequester goes into effect, we're going to start to feel how this government is really dysfunctional," says Erkine Bowles, president Clinton's former chief of staff. And if Obama thinks he won't get blamed for it, when then he's stupid, stupid, stupid, stupid.
It is clear by now that President Obama and House Speaker John Boehner are not going to work out a full blown deal on taxes, spending and entitlements by the end of this month. The task before them and Congress is so fraught with fiendishly complicated and politically-charged issues that the idea that a couple of people behind closed doors can come up with a broadly acceptable solution is laughable. In fact, I'm going to go out on a cliff on this one (no pun intended) and say that there will be no final disposition of these thorny issues, known as the "fiscal cliff", until next year.
Bowles-Simpson came back into style last week. Not only did the plan receive eight mentions during the first presidential debate; it was also the subject of a widely circulated and discussed New York Times story.
Clinton said that he has a lot of Republican friends who wouldn't mind paying higher taxes.
One of the services of the Simpson-Bowles Commission was to set out a path for tax reform, with lower income tax rates and removal of many tax preferences -- or, to use the commission's term, tax expenditures.
Townhall's Guy Benson discussed the RNC and DNC with Larry Kudlow.
Ryan explains himself clearly to Matt Lauer.
On June 14, President Obama announced his economic plan to finally bring economic recovery and growth to the U.S. in a much ballyhooed address in Cleveland. He threw down the gauntlet to Mitt Romney on the issue, saying "more than anything else, this election presents a choice between two fundamentally different visions of how to create strong sustained growth; how to pay down our long term debt; and most of all, how to generate good, middle-class jobs...."
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