facebook
twitter
rss
account
search
search
 

Bowles, Simpson: Cliff talks degenerating

Dec. 9, 2012 at 3:41 PM   |   Comments

WASHINGTON, Dec. 9 (UPI) -- The namesakes of the Simpson-Bowles Commission Sunday chided all sides in the seeming stalemate over the U.S. fiscal cliff.

Alan Simpson and Erskine Bowles said on CBS' "Face the Nation" failure to put together a comprehensive deal on taxes and spending by the end of the month would derail the U.S. economy and deliver a severe blow to financial markets and the middle class.

"I think it would be disastrous for the country," said Bowles, who was White House chief of staff for President Clinton. "You can look at the forecast that we have; economic growth would slow by 4 percent. That, by definition, puts you back into recession when you're only growing by 2 percent. About 2 million people would lose their jobs. Unemployment would go to 9 percent."

Simpson, a former Republican U.S. senator, said he was disturbed by the degeneration of the debate into pure political calculations over which party would benefit the most by allowing the nation to plunge over the cliff. "There is something terribly bizarre and juvenile about that to think your party comes ahead of your country," he said.

Both men urged Americans, especially the younger generation, to make their views known in Washington before they are drowned out by special interest groups that will be dominating the media to protect their interests.

"Everybody is in the game," Simpson said. "We'll be savaged this next month with full-page ads."

The National Commission on Fiscal Responsibility and Reform was founded in 2010 by President Obama to make recommendations to improve U.S. fiscal policy.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
China questions Americanism in SATs
2
St. Paul police arrest a black man for sitting on a bench waiting for his children
3
Plague bomb data found on seized Islamic State laptop
4
Ukrainian cargo plane crashes in Algeria killing seven
5
'Old Ironsides' sails across Boston Harbor before 3-year-rehab
Trending News
Video
x
Feedback