This afternoon Senator Mike Crapo (R-ID) and Congressman Mike Simpson (R-ID) will join CRFB President Maya MacGuineas in a public discussion at the the Idaho Statehouse on the "fiscal cliff" and the threat of our rising government debt. Senator Crapo is both a member of the "Gang of Six" and served on the Simpson-Bowles Fiscal Commission, while Rep.
There has been much discussion over the "Ryan Plan" since the House Budget Chairman was selected by Governor Romney to be his running-mate. However, there is not just one Ryan plan, but multiple iterations of the Congressman's proposals. They have evolved over time on specifics, although the overall approach has remained clear.
The Announcement Effect Club has a new member after this weekend—Fiscal Commission Co-Chair Alan Simpson. Simpson discussed the dangers of the fiscal cliff and the need for deficit reduction in an interview with Neil Cavuto. In particular, Simpson focused on the need for having a long-term plan: the direction and certainty it would provide the country would be very beneficial.
In an op-ed in The Hill, former Sen. Judd Gregg (R-NH) argues that whoever is President next year should eschew the standard President's budget--with its detailed line-by-line policies and numbers--and instead issue a budget submission with a few big policies. As he says:
Erskine Bowles and Alan Simpson appeared alongside Warren Buffett on CNBC's Squawk Box this morning, discussing the need for Congress to pass a comprehensive and sizeable deficit reduction plan.
As Senator Mark Warner pointed out last week in the Christian Science Monitor, the United States is still in a position where long-term debt reduction is much easier than in several European countries now in fiscal crisis.
Much of the focus on budget plans has revolved around the two presidential candidates, but Members of Congress have a tremendous impact on the federal budget. In conjuction with the Boston Globe, CRFB's U.S.
The latest edition of CQ Weekly has a piece on the "low-hanging fruit" of the budget debate -- provisions that have been proposed or negotiated by members of both parties. A table from the article is a very welcomed addition to our own overlapping policy grid, which also shows a surprising level of commonality between some budget plans and discussions.