On the recordOctober 4, 2011
A balanced, long-term approach to deficit reduction that keeps everything on the table is the only way that we are going to be able to address the deficit.
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congress.govA balanced, long-term approach to deficit reduction that keeps everything on the table is the only way that we are going to be able to address the deficit.
Emphasis on a comprehensive approach to deficit reduction.
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More from Erskine Bowles
Failure to reach our target will lock us into mandatory indiscriminate cuts and will limit our options in the future.
Our problem is spending, and it is all spending, so each side of the aisle needs to understand that some of the things they love dearly are subject to some cuts.
What most folks saw was Washington at its worst: too much politics and very little in the way of responsible decision making.
The longer that we kick the can down the road, the worse the situation is going to get.