Simpson and Bowles Unveil a New, Wealth-Friendly Austerity Plan

By Richard Eskow | February 19, 2013

As the prospects for a “Grand Bargain” fade, additional European-style austerity on the American economy is becoming increasingly uncertain. That has meant a greater likelihood of a reappearance by Erskine Bowles and Alan Simpson, the two Washington power players whose names have become synonymous with the Deficits First approach to our economic woes.

Today they appeared, right on schedule, bearing yet another plan – and this time it’s even more heavily skewed toward the financial interests of larger corporations and high-earning individuals.