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Obama’s Deficit Dilemma
Obama’s unacknowledged debt to Bowles/Simpson plan
By JACKIE CALMES, The New York Times
Published: February 27, 2012
Mr. Obama has come to adopt most of the major tenets supported by a majority of the commission’s members, though his proposals do not go as far. He has called for cutting deficits more than $4 trillion over 10 years by shaving all spending, including for the military, Medicare and Social Security; overhauling the tax code to raise revenues and lower rates; and writing rules to lock in savings.
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Three weeks ago Mr. Obama met with Erskine B. Bowles, a former chief of staff to Mr. Clinton who was a co-chairman of the commission along with former Senator Alan K. Simpson, a Republican. In speeches nationwide, the chairmen have expressed disappointment that the president – and Republicans – did not take up their plan.
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“The president wanted to make sure that we understood that he had had a strategy to take the framework of what we’d negotiated” on the commission, Mr. Bowles said, “and to use that as a vehicle to negotiate a deal.”
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