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I said yesterday that the key to evaluating Bowles-Simpson 2.0 was its stance on the Affordable Care Act. Their initial report (lets say Bowles-Simpson 1.0; release Dec. 2010) assumed full implementation of the ACA, and did not suggest an increase in the Medicare age. Most writing on version 2.0 has focused on the shift from [...]
Posts Tagged ‘Bowles-Simpson 2.0’
February 19th, 2013
Category: Affordable Care Act
Erskine Bowles and Alan Simpson announced their intention to develop a version 2.0 of their grand bargain plan to reduce the deficit by $2.4 Trillion beyond the $2.7 Trillion in reductions enacted since the initial Fiscal Commission plan was released in December 2010. Their goal is to stabilize the debt-to-GDP at 70% or lower per [...]