Simpson-Bowles 'Grand Bargain' Candidates Lose on Tuesday
The conventional wisdom in Washington, D.C., and in much of the media, is that because of the deficit and debt, we need to make cuts to Social Security, Medicare and Medicaid. A bipartisan commission led by Alan Simpson and Erskine Bowles has promoted a plan that would cut Social Security, Medicare and Medicaid and lower corporate taxes for the wealthy. Bowles and Simpson have been promoting their plan heavily and took to endorsing candidates who they believed would support their plan.
Voters on Tuesday rejected all of the candidates that both Bowles and Simpson endorsed...
