Skip to comments.Fiscal Commissioner on Debt Crisis: 'You Better Get Yourself a Cave in the Adirondacks'
Posted on 10/03/2012 10:36:54 AM PDT by IbJensen
(CNSNews.com) Former Sen. Alan Simpson (R-Wyo.) said Tuesday the first presidential debate will be the biggest tap dance since Fred Astaire, and that neither political party in Washington is willing to tackle the countrys fiscal problems.
"You better get yourself a cave in the Adirondacks," he mirthfully said when asked what would happen if politicians did not deal with the debt.
Simpson, who along with Erksine Bowles co-chaired the National Commission on Fiscal Responsibility and Reform, appeared at George Washington University for an event on the upcoming election and the approaching fiscal cliff.
After the event CNSNews.com asked Simpson what he expects to see during the first debate on Wednesday evening.
I think itll be the biggest tap dance since Fred Astaire, he said. Therell be marvelous dancing and oh, itll be a joy.
CNSNews.com then asked, You mentioned that the debt, that would be one of the big things that you would like to see out of the debate, why do you think there hasnt been much discussion about this $16 trillion debt in this election?
Its because its too sensitive, and when you have people say these people are more interested in the debt than they are human beings, and on and on it goes, Simpson said. Where you talk about the most vulnerable in society and the odd thing is those are the people who are going to be hurt the worst by not doing anything.
When asked which candidate he believes would better approach the debt and deficit, Simpson said neither President Obama or his challenger Mitt Romney would fix the problems.
If they were going to deal with it, they wouldve done it, he said. I mean theres a campaign going on, and neither one of them are dealing with it in any positive way that gets anywhere. They both talk about it, and they both like Bowles-Simpson and you get into specifics, and theyre gone.
So theyre not going to deal with it it doesnt matter which candidate or candidate for Senate or the House, Simpson said. Theyre not going to deal with these issues because they will get eaten by rats, by the AARP [American Association of Retired Persons] and Grover Norquist and the realtors.
"everybody out there got hit. We hit everybody, he said of his deficit plan. And thats the only way this can work, and when you have 105 groups out there to rip up anything you do, then theyre not going to do anything. Theyre not going to touch it.
CNSNews.com then asked, What happens if nothing is done?
Well, you better get yourself a cave in the Adirondacks and learn how to eat watery gruel and herbs and berries, he said. No, I tell you whatll happen. The markets will shoot the hole through us.
And at that point and you dont want it to happen, and I dont and they dont care about Democrats or Republicans or presidents. They care about their money, Simpson added. And theyll say if any country is stupid enough to borrow $16 trillion bucks in the hole, then were just stupid enoughsmart enough, maybeto loan you some more money.
And when they do that, then our country will take a real hit, and inflation will go up and interest rates will go up, and you and your young people your age will be the ones most affected, while the seniors and the money guys, most of them, will take good care of themselves, he said.
The Simpson-Bowles National Commission on Fiscal Responsibility and Reform, appointed by President Obama, proposed a six-part plan to put our nation back on a path to fiscal health, promote economic growth, and protect the most vulnerable among us.
Taken as a whole, the plan, which was released in December 2010, would have achieved nearly $4 trillion in deficit reduction through 2020, more than any effort in the nations history.
Those are good ideas, but they don’t amount to $400 billion in cuts. You have to curb the growth in SS as well as the number of people at the teat.
Medicare I think is easier because using the legitimate power of the Commerce Clause you could encourage massive competition for medical professionals and insurance plans. States don’t have a right to use their licensing power to limit interstate trade. Granting Obamacare waivers to states is a pro-federalism move that cuts costs and promotes the Constitution.
Corporate welfare needs to be ended and very publicly, but it can be tricky because what’s the definition of “corporate welfare”? Dems want to include any tax protection and you heard Obama mention the oil industry’s very necessary tax treatment. But, you target all these subsidies including sugar.
Then you hit welfare reform. You do it in a two tier manner: 1. you must work to get welfare and 2. using Jack Kemp’s and Milton Friedman’s idea for “free markets” in high poverty urban areas. These zones would have reduced regulation and taxation, including getting rid of minimum wage. You’d get attacked for certain, but if you played it correctly it would kill urban socialism - a plague on our republic.
Finally, you need to take over DC, restore the voucher system and tie it contractually to the children of DC proper in such a way that it cannot be undone. At the same time allow Constitutional carry in DC or at least transparent and easy licensing, no harder than Florida or Utah.
The trouble isn’t just the money, but the mentality. Restore rights as you right the economy and you do more to turn the country back to its Constitutional foundations than anything.