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The chairmen of President Obama's 2010 fiscal commission are wading back
into Washington's budget wars with a revised, somewhat milder plan to rein
in intractable federal deficits.The plan released Thursday by and former
Sen. Alan Simpson, R-Wyo., and former Clinton White House chief of staff
Erskine Bowles would lop more than $5 trillion from deficits over the
upcoming decade when combined with the deficit-cutting steps enacted in
fits and starts since his 2010 proposal.It's unclear what impact the updated
plan will have on a capital that's bitterly split over taxes, spending
and government debt. The initial Simpson-Bowles plan won warm reviews from
deficit hawks but got a chilly reception from Obama and much of
the rest of official Washington for its tough mix of tax increases
and cuts to benefits programs like Medicare and Social Security.The revised
plan by Simpson and Bowles reveals a familiar mix of revenue collected
by cleansing the tax code of deductions, cutting agency budgets and curbing
the growth of Social Security and Medicare.Simpson and Bowles would add
$2.5 trillion in new deficit cuts over 2014-2023 on top of about
$2.7 trillion estimated to have already been enacted through cuts to agency
budgets and January's tax increase on wealthier earners. It assumes $1.2
trillion in across-the-board spending cuts imposed for the failure of Washington
to replace them are repealed.The revised blueprint arrives as Washington
is fami
home. And in the
heartache of her family and friends on both sides of the great
ocean, we're reminded of the humanity that we all share.Our prayers are
with the Richard family of Dorchester, to Denise and the young daughter,
Jane, as they fight to recover. And our hearts are broken for
8-year-old Martin, with his big smile and bright eyes. His last hours
were as perfect as an 8-year-old boy could hope for, with his
family, eating ice cream at a sporting event. And we're left with
two enduring images of this little boy, forever smiling for his beloved
Bruins and forever expressing a wish he made on a blue poster
board: ``No more hurting people. Peace.'' No more hurting people. Peace.Our
prayers are with the injured, so many wounded, some gravely. From their
beds, some are surely watching us gather here today. And if you
are, know this: As you begin this long journey of recovery, your
city is with you. Your commonwealth is with you. Your country is
with you. We will all be with you as you learn to
stand and walk and, yes, run again. Of that, I have no
doubt you will run again.(APPLAUSE)You will run again.(APPLAUSE)Because
that's what the people of Boston are made of. Your resolve is
the greatest rebuke to whoever committed this heinous act. If they sought
to intimidate us, to terrorize us, to shake us from those values
that Deval described, the values that make us who we are as
Americans, well, it should be pretty clear by now that t
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