Why Do Bowles And Simpson Even Bother?
Erskine Bowles and Alan Simpson, who stopped being the co-chairs of a failed deficit reduction commission at the end of 2010, are at it again. At some point today they will unveil yet another B-S plan they say will reduce the deficit and debt to manageable levels.
Never mind that they completely failed in 2010 to get their own commission to agree to what they recommended.
Never mind that since the B-S commission failed, Congress has overwhelmingly rejected several efforts that supposedly were based on what the two co-chairs recommended.
And never mind that after these repeated failures neither Bowles nor Simpson have any standing to offer a a new plan that is so politically toxic it has no chance of (1) being taken seriously, (2) jump starting negotiations or (3) having any positive impact whatsoever.
Watching Bowles and Simpson fight for relevancy in the federal budget debate these days is a bit like a rock band from a previous era going on tour but having to play in much smaller venues because its audience is so tiny that the arenas make no sense.
Or it's a bit like a professional athlete who is still trying to prove him or herself by playing in semi-pro leagues.
Why submit yet another deficit reduction plan that absolutely is destined to fail? My guess is that it's at least partially intended to get Bowles' and Simpson's more speaking opportunities and to prevent their fees from falling to far too fast from the $40,000 each that earlier in the year they were rumored to get from joint appearances.