- Ronnie Biggs of ‘Great Train Robbery’ fame dies, 84
- Pope Francis wins another ‘Person of the Year’ — from gay rights magazine
- Rep. Steve Stockman: Give my campaign $10, and you’ll get an Obama barf bag
- Putin: Russia to buy $15 billion in Ukraine bonds
- Expert: Obamacare ‘death spiral’ fears exaggerated
- Alabama firefighters dig for survivors of apartment blast
- Big Sur wildfire destroys home of firefighting chief
- ‘ ’Twas the Night Before Christmas’ set for mock trial to argue authorship
- Angela Merkel’s third term as Germany’s chancellor to be marked by move to left
- Mega Millions entices with record-setting jackpot: Half a billion so far
Latest Erskine Bowles Items
Buried inside the wide-ranging blueprint put out this week by the respected co-chairmen of President Obama's bipartisan commission to slash the federal deficit is a powerful argument for doing nothing.
The chairmen of President Obama's bipartisan deficit commission tipped their hand Wednesday, releasing a stark, sweeping proposal to rein in federal debts and deficits with cuts to spending programs, Social Security and Medicaid benefits and an increase in the retirement age over the next four decades from 65 to 68.
The co-chairmen of President Obama's debt and deficit commission, Erskine Bowles and Alan Simpson, recently warned that our country's current fiscal path - primarily the cost of entitlements - unless reversed, "will destroy the country from within." Given such an ominous prophecy, it is almost certain that Social Security, the country's largest entitlement, will go under the government's budget knife.
Anyone with a lick of common sense will tell you that when you are in a hole, you need to quit digging. Continuing to dig will only create a larger problem. Do schools teach this?
The heads of President Obama's national debt commission are painting a gloomy picture as the nation struggles to get its spending under control.