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March 7th, 2011
10:05 AM ET

Bowles and Simpson: U.S. must tackle big ticket items to balance budget

By 2020, Medicare, Medicaid and Social Security will make up about 94 cents for every dollar spent.

Former White House Chief of Staff Erskine Bowles and former Republican Senator from Wyoming Alan Simpson chair the President's Deficit Commission and say the U.S. must cut into the big ticket items to balance the budget. Bowles and Simpson speak to American Morning's Kiran Chetry about their plan.

Filed under: Economy • Politics • U.S.
soundoff (One Response)
  1. elosogrande

    Senator Simpson has frequently stated that the seniors in America have become greedy, with regard to Social Security, Medicare, etc. Everyone wants theirs.

    Would both Mr. Bowles and Mr. Simpson care to tell us how much money they have exacted from the taxpayers over the years?

    How much did they each collect in salaries AND expenses while in office?

    How much have they collected in pensions provided by the taxpayers?

    Would they consider suggesting that pension payments to past elected officials stop entirely as of tomorrow? The elected officials put America in the position we are in today. I'm sure they would be the first to admit that the people who have fouled the economy of our country should not be rewarded by paying them and their spouses for the rest of their lives. It just doesn't make sense.

    Mr. Simpson would blame it on the American People, but it is really he and all members of past and present Congresses that caused this problem. The people did not squander their tax money...Simpson and his cronies are responsible.

    I think he should jus go home, shut up, and spend the rest of his days thinking about what he did to us.

    March 8, 2011 at 6:06 pm |