Letters to the Editor

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DEBT: Encourage revival of Bowles-Simpson plan

Letter by Lou Dunkin, Steilacoom on May 11, 2012 at 11:33 am with 23 Comments »
May 11, 2012 1:33 pm

Finally, some encouraging news is coming from Washington, D.C.: Some are trying to revive the Bowles-Simpson effort to resolve many of the financial woes facing our beleaguered country.

Almost two years ago, the Bowles-Simpson commission was tasked with finding some solutions to the many fiscal issues facing Congress. This included the biggies like our multitrillion-dollar debt, Social Security, Medicare, Medicaid and others.

The commission was composed of highly respected experts and politically balanced with noncontroversial, longtime members from both parties. They labored long and hard and produced a fair and balanced proposal that had a little pain for everyone and some relief for everyone.

Last spring, it was submitted for approval to the administration and Congress. It was immediately swamped by political bickering and faded from sight.

If there is one thing this country needs, it is the encouragement that a sense of stability would bring. Support from the hinterlands could encourage both parties to adopt this plan as a blueprint for action.

Leave a comment Comments → 23
  1. GHTaxPayer says:

    Lou – Every American has realized that Obama and the Dems don’t want to cut spending or balance the budget. Which is why they haven’t passed a budget in over 3 years. They say it’s ‘extreme’ to even mention a balanced budget amendment.

    What’s alarming for the liberals is that a 2011 study of children aged 12 – 18 shows them to be ultra conservative. I have two teen children and this is also true of all their friends.

    We are hopefully witnessing the end of liberalism and runaway taxes & spending.

  2. chris3dog says:

    “2011 study of children aged 12 – 18 shows them to be ultra conservative. I have two teen children and this is also true of all their friends.”

    Please provide a link to this “study”

  3. GHT,
    Not every American has bought the right wing lie that out of control spending is only a ‘liberal’ problem. Most of us know that ‘fiscal conservative republican’ is and oxymoron and that 30 years of voodoo economy is the root of our financial problems.

    Who offered $10 billion in spend cuts in return for $1 billion in tax increase, and Who turned the deal down?

  4. aislander says:

    Over spenders are, ipso facto NOT “fiscal conservatives…

    Spending cuts were offered to Ronald Reagan in return for tax increases. The increases happened: the cuts did not. Fool me once…

    Furthermore, it is impossible to put a dollar figure on tax increases, since those are always calculated as though the revenues would increase in proportion to the rate change. That never happens, therefore the 10:1 offer was a trap…

  5. menopaws says:

    Glass Siegel would also be helpful, but Congress is bought and paid for by the bank lobbyists……..Hope it happens–but this Congress is already breaking the agreement it made last year……….So, if they can’t keep their word about an agreement they signed off on last year, I doubt if this is anything more than smoke and mirrors……..Tea Party is bound and determined to bring this government down………And, many people I know, are working very hard to bring down the Tea Party…….We will see who wins….

  6. “Every American has realized that Obama and the Dems don’t want to cut spending or balance the budget. Which is why they haven’t passed a budget in over 3 years. They say it’s ‘extreme’ to even mention a balanced budget amendment.”

    Repeat the lies often enough….

  7. “Please provide a link to this “study””

    How can he when he made it up?

  8. “That never happens, therefore the 10:1 offer was a trap…”

    More lies to repeat….

    Never mind the blatant ‘traps’ and out right lies in the so called ‘ryan plan’.

  9. “Tea Party is bound and determined to bring this government down………And, many people I know, are working very hard to bring down the Tea Party…….We will see who wins….”

    I hate tea….

  10. sandblower says:

    This is written by an actual economist: I’ll stick with his analysis, thank you.
    http://www.nytimes.com/2010/11/12/opinion/12krugman.html?_r=1&partner=rssnyt&emc=rss

  11. concernedtacoma7 says:

    Krugman is not an economist. Have have been, but now he is so clouded by partisan blinders that his opinion is worthless.

  12. taxedenoughintacoma says:

    “Every American has realized that Obama and the Dems don’t want to cut spending or balance the budget. Which is why they haven’t passed a budget in over 3 years. They say it’s ‘extreme’ to even mention a balanced budget amendment.”

    Truer words have never been said. GHTaxPayer nailed it….

  13. Aislander – ipso facto – why do budgets and deficits go up faster under Repbs than under Dems?

    Stop fooling yourself – Regan wanted the tax increases and offered to cut spending to get them.

    Taxed- more lies and failed rhetoric.

  14. History, real history not the GOP version, shows us that debt and spending go up, WAY up under republicans and the economy suffers huge negative impacts, depression, when the republicans have total control for any length of time.

    Now why would any sane rational, thinking intelligent person want the republicans to have any kind of control what so ever?

  15. “Truer words have never been said. GHTaxPayer nailed it….”

    See what I mean?
    Repeat the lies often enough…

  16. Dear Lou,
    Thank you for calling my attention to the Bowles-Simpson plan. I shall research it. Knowing you as an informed, brilliant lady, I apologise for the ranters who replied to your letter with their skewed political bias. They are the same folks who say the same stuff everyday, ad nauseum. and their comments had nothing to do with your letter. Thanks again, Lou. I’m on my way to Google. Happy Mother’s Day!

  17. concernedtacoma7 says:

    If increased spending was a pillar of republican fiscal theory you all would love Bush.

    After Dems add structural debt to budget in many cases Republicans cannot do very much.

    But you do not really care, you want to blame and deflect.

    Why were the S-B recommendations ignored by the left? They would rather make videos showing Paul Ryan pushing grandma off a cliff then deal with the fiscal reality that insane spending cannot go on forever (a few years ago you might hear BHO say something similar).

  18. chile74 says:

    Nice letter, Lou. Aislander, ct7, tax, GH and Ole – excellent comments.

    First time I’ve seen a post by Ole – he nailed it! Same liberals, same stuff. They must live for “letters to the editor” so they can spout off their liberal lies. B-S was in response to charges in 2010 that Obama didn’t care about the debt . He was taking the heat and the election was coming up. What to do? He created B-S so it looked like he cared about the debt. But wait – the results of B-S wouldn’t come until after the election – big surprise. After the election, Obama compelely ignored the recommendations of B-S. Why? GH already told us. The Dems don’t want to cut their spending/entitlement programs (because that’s how they get votes) and they definitely don’t want to balance the budget. End of story.

  19. concernedtacoma7 says:

    Notice the number of comments on the gay marriage threads vs the economic ones. Less than one percent of the population vs all of us, which issue is more important.

    Blame and divide, distract and deflect.

  20. “If increased spending was a pillar of republican fiscal theory you all would love Bush.”

    History shows it IS a pillar, and YOU love bush the failure, so you are wrong….again.

  21. “Blame and divide, distract and deflect.”

    Another pillar of the GOP.

  22. concernedtacoma7 says:

    typical reaction from the left.

    Similar to our tax cheating tres sec, ‘I don’t have a plan but do not like theirs’.

  23. Candles16 says:

    Lou fails to understand that the Bowles-Simpson commission did not produce “a fair and balanced proposal”, as a matter of fact the Bowles-Simpson commission was unable to agree on a plan. There was no agreement coming out of the Bowles-Simpson commission. So if the commission couldn’t agree on anything how could anyone expect any constructive to come out of the Bowles-Simpson commission.

    Hence any references to any Bowles-Simpson plan is phony because there isn’t any plan. Furthermore most the folks who pushing any Bowles-Simpson plan are opposed to raising taxes, in addition to spending cuts, which is what the commission was discussing and couldn’t come to any agreement about. Unfortunately there are some in Congress who have sworn to never raise taxes and have taken oaths of allegiance against our country not to, literally taking treasonous oaths of allegiance against our right to tax ourselves as specified in the Constitution.

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