| Erskine Bowles and Alan Simpson are out today with a "new" version of what's essentially their same fiscal plan. The main thing you need to know about it is that despite all the rhetoric, this is not a plan about the budget deficit. The reason Simpson and Bowles are moving the goalposts is that thus far, none of the deficit reduction has cut spending on programs designed to bolster the living standards of the elderly, and what Simpson and Bowles think America should do is cut spending on programs designed to bolster the living standards of the elderly. |
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