I think we can all come to the conclusion that any plan created by the President or the House Republicans will not be approved by the opposite side. The first Simpson Bowles plan would have cut taxes, raised tax, cut military spending restructure the tax code a bit and do much more. It, like the new one, effects everyone in the country. We are in a financial crisis made worse by a government that refuses to work together on this issue. Some say the President is holding out for better economic times so he can cut less, some say the Republicans simply do not want to work with the President unless tax cuts are involved but in the end we will all have to pay our fair share.
I am from the younger generation in this country, there are programs I never expect to benefit from but I still pay into for those that need them. I benefit from other programs that others pay into but never benefit from. This is life in this country. We all end up paying our fair share and right now we are being asked to pay more. There are countless times in this countries history when the citizenry has been asked to pay more for less and again this is one of those times.
I like the old Simpson Bowles plan but this new one is expected to reduce the deficit by $2.4 trillion over the next 10 years, a sum in the middle of what the President (reduce by $1.5 trillion) and the Republicans (reduce by $4 trillion) want to reduce the deficit by. What I like most about the last plan was that both sides hated different parts of it, that tells me that it is fair. If this new plan is anything like the old one (which it probably will be) I say we pass it. It would be the best compromise, and really the only one seeing how neither the President nor the Republicans can come up with a plan that would ever be passed.
Further Reading:
http://www.politico.com/story/2013/02/report-new-simpson-bowles-plan-87769.html?hp=t2_3
http://thehill.com/blogs/blog-briefing-room/news/283695-report-simpson-bowles-to-offer-new-24-trillion-deficit-plan
I am from the younger generation in this country, there are programs I never expect to benefit from but I still pay into for those that need them. I benefit from other programs that others pay into but never benefit from. This is life in this country. We all end up paying our fair share and right now we are being asked to pay more. There are countless times in this countries history when the citizenry has been asked to pay more for less and again this is one of those times.
I like the old Simpson Bowles plan but this new one is expected to reduce the deficit by $2.4 trillion over the next 10 years, a sum in the middle of what the President (reduce by $1.5 trillion) and the Republicans (reduce by $4 trillion) want to reduce the deficit by. What I like most about the last plan was that both sides hated different parts of it, that tells me that it is fair. If this new plan is anything like the old one (which it probably will be) I say we pass it. It would be the best compromise, and really the only one seeing how neither the President nor the Republicans can come up with a plan that would ever be passed.
Further Reading:
http://www.politico.com/story/2013/02/report-new-simpson-bowles-plan-87769.html?hp=t2_3
http://thehill.com/blogs/blog-briefing-room/news/283695-report-simpson-bowles-to-offer-new-24-trillion-deficit-plan