Photo: Cardboard image of Jamie Dimond, JP Morgan’s ‘Simpson Bowles’ Advocate.
By Carl Bloice
Beaver County Blue via Black Commentator
‘The real losers would be seniors, sick poor people, the unemployed, and people with disabilities.’
July 26, 2012 – A highly placed journalist spoke up boldly over the weekend on behalf of the country’s serious people, "those of us who crave a little common sense," who are feeling a bit of "despair," right now because the nation’s capital has become "a sludge pit of dysfunction." This state of affairs, wrote New York Times former executive editor. Bill Keller, could be attributed to "Republican cynicism, Democratic fecklessness or presidential disengagement."
"Talk to any credible economist, wire any serious politician to a polygraph, and you will hear at least 80 percent agreement on what is to be done: investment to goose the lackluster recovery and rebuild our infrastructure, entitlement reforms and spending discipline to lower the debt, and a tax code that lets the government pay its way without stifling business, punishing the middle class or rewarding sleight of hand," wrote Keller in the Times July 21. The problem, he asserted, is the failure of the responsible people to come up with a "grand bargain," the outline of which is pretty much summed up in (a little drum roll here) our old friend, the magic elixir; "Simpson-Bowles."
It just won’t go away. Its promoters continue to use a nonexistent "Simpson-Bowles" report from the failed Presidential deficit reduction commission as the code for what a powerful group among the nation’s political and economic elite want to enact by hook or by crook, whether we the people want it or not.