Tag Archive: deficit reduction

Simpson, Bowles Offer Detailed Deficit Reduction Plan

April 25, 2013 9:30 am Published by

On Friday,Erskine Bowles and Alan Simpson, former chairmen of President Barack Obama’s 2010 National Commission on Fiscal Responsibility and Reform, and Co-Founders of the Campaign to Fix the Debt, released a new deficit reduction plan in the hopes of reviving a debt grand bargain this year. The chairmen released an updated framework for deficit reduction in February but have now fleshed out a more detailed plan that they say would save $2.5 trillion over the next decade—or a total of $5.19 trillion when added to $2.7 trillion in deficit reduction already enacted over the past few years.