Politico Playbook Breakfast with Erskine Bowles and Alan Simpson
Former National Commission on Fiscal Responsibility and Reform Co-Chairs Erskine Bowles and Alan Simpson talked about the national debt and… read more
Former National Commission on Fiscal Responsibility and Reform Co-Chairs Erskine Bowles and Alan Simpson talked about the national debt and budget deficit reduction. The co-founders of Campaign to Fix the Debt discussed their budget proposals and called the upcoming sequestration “stupid” and criticized both sides for failing to reach an agreement. They were interviewed by Mike Allen at his Politico Playbook Breakfast, held at the Newseum.
The beginning of the program was disrupted by protestors.
“Sequestration,” a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was agreed to in the Budget Control Act of 2011 and scheduled to happen on March 1, 2013. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Allen, Mike Chief Correspondent Politico->White House
- Bowles, Erskine B. Co-Founder Campaign to Fix the Debt
- Simpson, Alan K. Co-Founder Campaign to Fix the Debt
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