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 | 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.

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