Erskine Bowles: “This debt and these deficits that we are incurring on an annual basis are like a cancer.”

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

The longer that we kick the can down the road, the worse the situation is going to get.

This is the most predictable economic crisis we have ever faced, if we do not do something about it.

[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.