Erskine Bowles

Suddenly, a rally behind tax cuts

Suddenly, a rally behind tax cuts

Defying expectations, a bipartisan majority of President Barack Obama‘s deficit commission has rallied behind the panel’s controversial deficit-slashing proposals. A key Obama ally, liberal Democratic Sen. Dick Durbin of Illinois, endorsed the plan Thursday night, joining two of the Senate’s most conservative Republicans. The plan now has public commitments of support from a majority of […]

Deficit commission challenges conventional wisdom on budget

Deficit commission challenges conventional wisdom on budget

The leaders of the deficit commission are baldly calling out the budget myths of both political parties, challenging lawmakers to engage in the “adult conversation” they say they want. Their plan — mixing painful cuts to Social Security and Medicare with big tax increases — has no chance of enactment as written, certainly not as […]