Alan Simpson: 'Grover Norquist Is A Fraud'
DEBT DEFICITS AND SOCIAL SECURITY
Outstanding short clip. Erskine Bowles and former Senator Alan Simpson defend their debt plan against criticism from Grover Norquist on Squawk Box Friday.
"Norquist has a voodoo doll of me on his bed chamber. And he pokes little holes in it. There wouldn't be a thing Erskine and I ever did that Grover Norquist wouldn't get on his white horse and get his robes on and ride through the countryside like Paul Revere in reverse. This guy is a fraud."
Is $20 trillion enough, do you think? Ok, what about $25 trillion? That doesn't make you happy, DC? Okay, you win, the national debt will be $30 trillion in about twelve more years as the automatic entitlement spending starts to explode in 2020.
Meanwhile, the national debt continues to climb by the second...
Apr 11, 2016 at 5:11 PM
Reader Comments (3)
http://www.truth-out.org/news/item/35579-how-not-to-audit-the-pentagon-five-decades-later-the-military-waste-machine-is-running-full-speed-ahead
http://www.dylanratigan.com/2010/11/11/open-letter-to-alan-simpson-erskine-bowles-from-the-daily-bail/
I had forgotten Dylan published this on his site.
"[I]n its role ostensibly protecting North Carolina taxpayers’ interests, Credit Suisse steered state pension money to [Bowles'] politically connected firm that was paying the bank to help it land pension deals."
http://www.ibtimes.com/pension-deal-spotlights-placement-agent-business-raises-conflict-interest-questions-1708110
How bad is the pension problem in NC--a problem Bowles is exacerbating in order to line his pockets?
"Not only can State Treasurer Janet Cowell not account for $30 billion, she is refusing to disclose hundreds of millions in fees, as required by law, and her high-risk investment experiments are hurting North Carolina taxpayers, as well as employees and retirees. SEANC is calling on the General Assembly to take up legislation to reform this system. SEANC also is calling for a full audit and an SEC investigation into Cowell’s management of this $87 billion fund."
http://www.seanc.org/legislative-action/retirement/retirement-investigation/