Sunday's Washington Post featured an op-ed written by Fiscal Commission and Moment of Truth project co-chairs (and CRFB board members!) Erskine Bowles and Alan Simpson. The authors draw on their experience as co-chairs of the fiscal commission to give advice to the Super Committee, which they say can be summed up in seven words: "Go big, be bold, and be smart".
Today, a collection of 155 business organizations representing a wide variety of interests joined the "Go Big" call. In doing so, they have joined 38 Senators and a whole host of other budget experts, former lawmakers, and business leaders who have also urged the Super Committee to exceed its savings mandate of $1.5 trillion.
Yes, it could! Okay, you’re probably itching for a more fleshed out response than “yes”, so let’s walk through the logic.
At our "Urging the Super Committee to Go Big" event, we showed videos with a number of budget experts and former government officials, talking about our debt problem and the need for the Super Committee to exceed its savings mandate. So, for those who missed it or want to view them again, we have posted them below.
In the past few weeks, CRFB and many others -- including 36 Senators from both sides of the aisle, the Blue Dogs, and more than 60 business leaders, former government officials, and other budget experts -- have been calling for the Super Committee to ‘Go Big’ and exceed their mandate of finding $1.5 t
The parade of submissions to the Super Committee has started. Over the next few months the Super Committee is likely to be inundated by fiscal plans from all over--and outside--Washington, building on the long-list of 30+ existing fiscal plans already on the table. The first two came in from Sen.
Update: The Gang of 36 has grown to 45 --23 Republicans, 21 Democrats, and 1 Independent. See below for the full list of participating Senators.
Yesterday, we released a letter signed by over 60 leading budget experts from various fields urging the Joint Select Committee on Deficit Reduction (“Super Committee”) to Go Big in its mission to address the nation’s deficit and debt.