Friday, April 20, 2012

Democrats Shun Fiscal Responsibility

It has since been all downhill for the Bowles-Simpson report, which recommends the politically difficult steps of raising taxes through tax reform and cutting entitlement benefits.

President Obama ignored the report when writing his 2012 budget and only 38 House members voted for a modified version of the report's recommendations last month when the lower chamber roundly rejected it.

The Senate Budget Committee debated Bowles-Simpson on Wednesday but Conrad declared that no amendments to his proposal will be made and no conclusion to the ‘markup’ would likely occur before the November elections.

Some Republicans argued that Conrad should have allowed votes to see what parts of Bowles-Simpson could have survived.

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