Senator Alan Simpson on the Deficit Cutting “Stink-Bomb” in Congress’ Garden Party!

   

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Follow us @ twitter.com twitter.com Welcome to Capital Account. Simpson-Bowles, Obama’s bipartisan deficit commission of 2010, has become a political football in the Presidential race. In attempts to score political points Mitt Romney, Paul Ryan, and Joe Biden have flung it around in recent speeches and interviews. We talk to Former Republican Senator and co-chair of the Simpson-Bowles commission, Alan Simpson about how he and his co-chair propose to fix the deficit. Plus there is more evidence the US economy is slowing down as the August US housing starts number was below analysts’ expectations. Also mortgage lending in 2011 declined to its lowest level in 16 years, according to a report from Federal regulators. Moreover, FedEx, an economic bellwether, cut its global growth forecast. How do you sell US deficit reduction as a top priority in this environment? We talk to Alan Simpson about the US national debt and the fiscal cliff. And the UK city of Bristol launched its own coinage and it has become the UK’s largest alternative to sterling. Lauren and Demetri talk about alternative currencies in today’s episode of Loose Change.

25 Responses to “Senator Alan Simpson on the Deficit Cutting “Stink-Bomb” in Congress’ Garden Party!”

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  22. condrea28 Says:

    everybody is getting a tax subsidy

  23. Skibum Willy Says:

    In “Inheriting an Abundant Earth” a simple rule tweak on inheritance ends up changing the direction and purpose of modern human life! Here’s a fair way to give the 99% the key to the vaults! It’s something specific we can demand. Are we really just this close to having it work right? Break one link, and the chains fall away! Oh yeah, it’s a Ski movie!

  24. rpmcq Says:

    Since all the Republicans in Congress vote in lockstep. Think of all the money we could save and the deficit reduced if they all handed their voting proxy over to one person and then left office.   Everything will be the same but at about 1/250th the cost.

  25. TheTorosx3 Says:

    Lauren- I am very dissaponited in your choice of the guest for this episode. If it was up to him every hispanic in this country would be issued an ” ID ” card,I find him very insensitive and ignorant, my bloodline was in this country and settled in New Mexico via Spain before it was the USA,please in the future select your guests better and consider your viewers feelings. “amazing’ is not this man. His father was a Senator as well and voted against the civil rights act of 1964,need I say more ?

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