Romney at risk of losing edge on deficit: Critics point out that Obama has far from a perfect record on the debt. The country added about $4 trillion to its debt during Obama’s term, in part because of the recession, and he failed to live up to his promise to halve the deficit. He also didn’t fully embrace the report of the Simpson-Bowles deficit-reduction commission he created, a frustration for many of the president’s supporters in the business community.
“The president would attract more CEOs if he’d adopt Simpson-Bowles,” said Marc Benioff, an Obama campaign co-chairman and chief executive of Salesforce.com. “I’ve told the president that I felt that is the right plan. He should reconsider his position.”
I'm still eager to reach an agreement based on the principles of my bipartisan debt commission. No party has a monopoly on wisdom. No democracy works without compromise. I want to get this done, and we can get it done…
How is this not adopting Bowles-Simpson?
Why oh why can't we have a better press corps?
Mind you, I think Obama's embrace of Bowles-Simpson is a mistake. It's not good policy--it's barely tolerable policy. And if it is not an agreement but rather the Democratic opening negotiating position then the deal struck will be very bad policy indeed.
But why doesn't Zachary Goldfarb write: "In his DNC renomination acceptance speech in Charlotte, President Obama endorsed the principles of Bowles-Simpson"?