Entries in Erskine Bowles (2)


Obama Calls To 'Start Moving Rapidly' on Deficit Reform 

ABC News(WASHINGTON) -- President Obama sat down in the Oval Office with the co-chairs of the Fiscal Commission, one day after releasing his vision for deficit reform for the country. The president said the commission, headed by former Republican Sen. Alan Simpson and Erskine Bowles, former White House chief of staff to Bill Clinton, helped  “shape” his thinking  in forming the plan to cut $4 billion from the deficit.

The president reaffirmed that he will use the tax code, “and find a way to work together to not only simplify and make the tax system fairer, but also that we use it as a tool” to help achieve the deficit goals.

The president said it is “not appropriate” to ask for sacrifices “from everybody except for the two percent of Americans who are doing best.”

Not directly mentioning the Republican criticism of his plan, the president said that “no matter how much we spend time debating the issues, at some point we’re going to have to come together as Americans.”

The president said they should “start moving rapidly to get some of these major issues resolved.”

Vice President Biden, who was also in the room, will head up the effort, the president said.´╗┐

Copyright 2011 ABC News Radio


Deficit Commission Chairs Call for Deficit Negotiations in January

Photo Courtesy - Getty Images(WASHINGTON) -- In a statement released Thursday, Erskine Bowles and Alan Simpson, co-chairmen of the president’s deficit commission, urged the president to initiate negotiations with congressional leaders about creating a national deficit reduction plan upon their return in January. 

Bowles and Simpson met with Treasury Secretary Tim Geithner and Office of Management and Budget director Jack Lew Thursday morning at the White House and released a statement in conjunction with the meeting.
In the statement, Bowles and Simpson expressed the need for bipartisan negotiations to establish “a serious fiscal responsibility plan to strengthen our economy for the long term.” 

They also encouraged President Obama to use the ideas contained in the commission’s plan unveiled last week as a starting point to develop his own deficit reduction plan.

"We urge the President to build on these bipartisan ideas by putting forward his own plan in his State of the Union address and budget.  We further call on him to bring key congressional leaders together with administration officials to negotiate and reach conclusion on a specific deficit reduction agreement that would be enacted," Bowles and Simpson said in the joint statement.

The co-chairmen concluded emphasizing the importance of working together across the aisle.

"Neither party can fix this problem on its own, and both parties have a responsibility to do their part.  Americans are counting on us to put politics aside, pull together not pull apart, and agree on a plan to live within our means and make America strong for the long haul."

Copyright 2010 ABC News Radio´╗┐

ABC News Radio