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Bowles, Simpson Release Statement on Debt Negotiations

By John Martin - Posted on 07 July 2011

"The important meeting today between President Obama and leaders in Congress gives us great hope for a principled bipartisan compromise that benefits both sides, and more importantly, benefits our country. We are very encouraged by the reports that the President and Congressional leaders in both parties are discussing a serious, comprehensive deficit reduction plan with 'everything on the table.'
In our work as co-chairs of the President's bipartisan National Commission on Fiscal Responsibility and Reform, we found that the American public is willing to accept tough, painful choices, but only if they are part of an honest and balanced plan which will put our nation on a sound fiscal footing and if everyone -- Democrats and Republicans alike -- jumps into the canoe together."
I may be naive, but I still think the American public would accept reductions in entitlements if they are paired with tax increases that call upon the well-off to also make sacrifices. The missing component here is for the Republicans to man up and do the right thing here.
The rest of the Bowles, Simpson statement is here.

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