Erskine Bowles (Clinton Chief of Staff and Chm Obama Debt Commission): Ryan budget is "sensible...honest, serious"

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    Aug 14, 2012 1:53 PM GMT


    http://news.yahoo.com/blogs/ticket/erskine-bowles-praises-paul-ryan-budget-plan-video-003642883.html

    A video of former Clinton White House chief of staff Erskine Bowles began circulating in conservative news outlets today. In the clip, the Democratic co-chair of President Obama's National Commission on Fiscal Responsibility and Reform gives high praises to Paul Ryan's budget plan.

    "I'm telling you, this guy is amazing. I always thought I was OK with arithmetic. This guy can run circles around me," Bowles tells a class of students at the University of North Carolina at Chapel Hill.

    "He is honest, he is straightforward, he is sincere. And the budget he came forward with is just like Paul Ryan. It is a sensible, straightforward, honest, serious budget and it cut the budget deficit just like we did by four trillion dollars."

    The video was shot on September 8, 2011, but was just uploaded to YouTube yesterday. What's striking is that not only does Bowles, a former U.S. Senate candidate from North Carolina, praise Ryan's effort, but he is also highly critical of the budget offered by President Obama. More from the video:

    "The president came out with his own plan. And the president, as you remember, came out with a budget. And I don't think anybody took that budget very seriously," Bowles continues.

    "The Senate voted against it 97 to nothing. He therefore, after a lot of pressure from folks like me, he came out with a new budget framework. And in that budget framework, he cuts the budget by four trillion dollars over twelve years. And, to be candid, this four trillion dollars cut was very heavily back-end loaded. So, that if you looked at it on a ten-year basis and compared apples to apples, it really was about a two and a half trillion dollar cut."

    The clip aired Monday on Fox News Channel's "Your World With Neil Cavuto" and has been picked up on conservative blogs, including Ace of Spades, which writes, from September 2011, "I see this in an ad. Our ad."
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    Aug 14, 2012 6:47 PM GMT
    Also on Huffington Post

    Erskine Bowles Praised Paul Ryan, Criticized Obama At 2011 Event
    http://www.huffingtonpost.com/2012/08/14/erskine-bowles-paul-ryan_n_1775313.html?utm_hp_ref=elections-2012
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    Aug 14, 2012 9:41 PM GMT
    socalfitness saidAlso on Huffington Post

    Erskine Bowles Praised Paul Ryan, Criticized Obama At 2011 Event
    http://www.huffingtonpost.com/2012/08/14/erskine-bowles-paul-ryan_n_1775313.html?utm_hp_ref=elections-2012


    A Democrat who can do math...
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    Aug 14, 2012 10:23 PM GMT
    riddler78 said
    socalfitness saidAlso on Huffington Post

    Erskine Bowles Praised Paul Ryan, Criticized Obama At 2011 Event
    http://www.huffingtonpost.com/2012/08/14/erskine-bowles-paul-ryan_n_1775313.html?utm_hp_ref=elections-2012


    A Democrat who can do math...


    Yup.

    http://www.washingtonpost.com/opinions/why-romneys-tax-plan-wont-cut-the-deficit/2012/08/09/37fb2d20-e19c-11e1-a25e-15067bb31849_story.html
    Romney’s tax plan wouldn’t cut the deficit
    By Erskine Bowles, Published: August 9
    ...
    This month, Romney said that his tax reform proposal is “very similar to the Simpson-Bowles plan.” How I wish it were. I will be the first to cheer if Romney decides to embrace our plan. Unfortunately, the numbers say otherwise: His reform plan leaves too many tax breaks in place and, as a result, does nothing to reduce the debt.
    ...
    The most important lesson Al and I learned on the commission is that to fix the debt, everything must be on the table. Americans everywhere have told us that as long as the sacrifice is shared, they are ready to do their part. The surest way to doom deficit reduction is to play favorites by taking things off the table.

    So although I give Romney credit for pledging to reform the tax code to reduce loopholes, his current proposal will not take us to the promised land. Our commission’s tax plan broadens the base, simplifies the code, reduces tax expenditures and generates $1 trillion for deficit reduction while making the tax code more progressive. The Romney plan, by sticking to revenue-neutrality and leaving in place tax breaks, would raise taxes on the middle class and do nothing to shrink the deficit.

    Obama hasn’t gone as far in cutting spending, particularly in health care, as is necessary to stabilize the debt at a reasonable level and keep it on a downward path as a percentage of the gross domestic product. But in contrast to Romney, the president — like the “Gang of Six” and other like-minded members of both parties — has embraced the central principle of Simpson-Bowles: that America will turn the corner on its debt only if Republicans and Democrats come together to support a balanced deficit-reduction plan. For the numbers to work, both parties need to put aside partisanship.
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    Aug 14, 2012 10:30 PM GMT
    q1w2e3 said
    riddler78 said
    socalfitness saidAlso on Huffington Post

    Erskine Bowles Praised Paul Ryan, Criticized Obama At 2011 Event
    http://www.huffingtonpost.com/2012/08/14/erskine-bowles-paul-ryan_n_1775313.html?utm_hp_ref=elections-2012


    A Democrat who can do math...


    Yup.

    http://www.washingtonpost.com/opinions/why-romneys-tax-plan-wont-cut-the-deficit/2012/08/09/37fb2d20-e19c-11e1-a25e-15067bb31849_story.html
    Romney’s tax plan wouldn’t cut the deficit
    By Erskine Bowles, Published: August 9
    ...
    This month, Romney said that his tax reform proposal is “very similar to the Simpson-Bowles plan.” How I wish it were. I will be the first to cheer if Romney decides to embrace our plan. Unfortunately, the numbers say otherwise: His reform plan leaves too many tax breaks in place and, as a result, does nothing to reduce the debt.
    ...
    The most important lesson Al and I learned on the commission is that to fix the debt, everything must be on the table. Americans everywhere have told us that as long as the sacrifice is shared, they are ready to do their part. The surest way to doom deficit reduction is to play favorites by taking things off the table.

    So although I give Romney credit for pledging to reform the tax code to reduce loopholes, his current proposal will not take us to the promised land. Our commission’s tax plan broadens the base, simplifies the code, reduces tax expenditures and generates $1 trillion for deficit reduction while making the tax code more progressive. The Romney plan, by sticking to revenue-neutrality and leaving in place tax breaks, would raise taxes on the middle class and do nothing to shrink the deficit.

    Obama hasn’t gone as far in cutting spending, particularly in health care, as is necessary to stabilize the debt at a reasonable level and keep it on a downward path as a percentage of the gross domestic product. But in contrast to Romney, the president — like the “Gang of Six” and other like-minded members of both parties — has embraced the central principle of Simpson-Bowles: that America will turn the corner on its debt only if Republicans and Democrats come together to support a balanced deficit-reduction plan. For the numbers to work, both parties need to put aside partisanship.


    So long as you acknowledge that he notes Obama's budgets have been even worse.
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    Aug 14, 2012 10:37 PM GMT
    Oh, I don't know which is worse. Just going by what has been presented:
    Romney=doesn't shrink the deficit at all and doesn't embrace the principles of Simpson-Bowles
    Obama=shrinks deficit by 2.5 trillion and embraces the principles of Simpson-Bowles
    Simpson-Bowles=shrinks deficit by 4 trillion

    BTW, Ryan voted against Simpson-Bowles.
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    Aug 20, 2012 5:03 PM GMT
    q1w2e3 saidOh, I don't know which is worse. Just going by what has been presented:
    Romney=doesn't shrink the deficit at all and doesn't embrace the principles of Simpson-Bowles
    Obama=shrinks deficit by 2.5 trillion and embraces the principles of Simpson-Bowles
    Simpson-Bowles=shrinks deficit by 4 trillion

    BTW, Ryan voted against Simpson-Bowles.


    The irony is that you actually believe Obama's numbers. A number of questions spring to mind...

    Is this kind of like how Obama said he was going to cut the deficit in half but grew it substantially instead? Or what about the fact Democrats pretty universally rejected the Obama budget? Or given his track record on this issue, what precisely do you feel is credible about Obama's estimates?