Next thing you know, the President will send a Navy Seal team after Erskine Bowles.
Bowles, a Democrat who co-chaired the Presidential Deficit Commission and was appointed by Barack Obama, says the President’s budget proposal falls short on several key goals. In fact, he says it’s inferior to Paul Ryan’s plan.
Bowles: It is $4 trillion, however, over 12 years. It is heavily back-end loaded, so when you compare it to the Ryan plan and to the Commission’s plan, which also has $4 trillion in savings, it is probably more like $2.5 trillion. And in fairness, the way it is setup, according to our analysis, it really doesn’t stabilize the debt, and the debt as a percentage of GDP gets up to around 77 percent and it never gets to primary balance, which is about a deficit-to-GDP ratio of around 3 percent.
Other than that, how did you like the play, Mrs. Lincoln?
