Erskine Bowles: “Our problem is spending, and it is all spending, so each side of the aisle needs to understand that some of the things…”

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.

[W]e must invest in education, infrastructure, and high-value research and development to help our economy grow, keep us globally competitive, and make it easier for businesses to create jobs.

As a matter of good social policy, these programs deserve to be reformed.

It is an enormous fiscal cancer, and going forward it will only get worse.