Erksine Bowles and Fix the Debt
A huge thank you to the State Chamber Policy Center for allowing ACCE's Government Relations Division to participate on Tuesday's call with Erskine Bowles. If you were unable to join the conversation, please review the links below for more information.
From the State Policy Center:
The Policy Center would like to thank Erskine Bowles and the Fix the Debt campaign for speaking to our members on Tuesday regarding the long-term federal debt and how to get our fiscal outlook under control. In April, Erskine Bowles and Alan Simpson released “A Bipartisan Path Forward to Securing America's Future” (download the summary or full report). They describe their report as “not our ideal plan, it is not the perfect plan, and it is certainly not the only plan. It is an effort to show both sides that a deal is possible; a deal where neither side compromises their principles but instead relies on principled compromise. Such a deal would invigorate our economy and demonstrate to the public that Washington can solve problems, and leave a better future for our grandchildren.” For more information see the two-page summary (pdf) of what Fix the Debt is calling for from the upcoming budget conference committee and an op-ed published in the Washington Post.
The Fix the Debt campaign now has chapters in all 50 states.
Everything You Need to Know About the Fiscal Cliff
Now that the presidential election dust has settled, Congress has reconvened to discuss the fiscal cliff. Here are some comprehensive explanations about what the fiscal cliff is and what could happen if we go off it.
WP WonkBlog: Everything you need to know about the fiscal cliff in one post
Dylan Matthews of the Washington Post WonkBlog explains what it is, how big it is, when it will happen, what will happen to the economy, and what could stop it.
Council of State Chambers, State Chamber Policy Center
A new report by Inforum/University of Maryland, Fiscal Shock: America’s Economic Crisis, finds that the U.S. already is struggling due to Washington’s failure to address the fiscal cliff. The Pew Center on the States is finalizing a report that will evaluate the cliff’s impact on states, looking both at the effect of sequestration on revenue sharing and the expiration of dozens of temporary federal tax provisions on state tax systems. That report is expected in December.
Ron Haskins, co-director of the Center on Children and Families and Budgeting for National Priorities Project at the Brookings Institution, authored an interesting opinion piece: The Fiscal Cliff: Predictable, Reprehensible, but Still Avoidable.