Financial Crises

Primary Sources

Simpson-Bowles's Bipartisan Path Forward to Securing America's Future, February 2013

Authors: Erskine B. Bowles and Alan Simpson

Former co-chairs of the President's bipartisan National Commission on Fiscal Responsibility and Reform Erskine Bowles and Alan Simpson proposed a new deficit reduction plan on February 19, 2013, through their organization Moment of Truth. Their plan projects reductions by $2.4 trillion over the next decade, with cuts to Medicare, Medicaid, Social Security, and discretionary spending, and ending or curbing deductions and tax breaks.

See more in Financial Crises; Budget, Debt, and Deficits; United States