The Seattle Times. Winner of Eight Pulitzer Prizes.


Sun, Apr 20, 2014

WEATHER | TRAFFIC

VIEW SECTIONS

Home


Updated Friday, December 7, 2012 at 06:01 AM

Deficit panel's Simpson hits political 'stupidity'

The Associated Press

The co-chairman of President Barack Obama's deficit commission is assailing the politics of political brinksmanship surrounding the "fiscal cliff," saying Congress "put the chain on their own ankle."

Former Sen. Alan Simpson says "you have to have a blend" of revenue increases and spending cuts to achieve a deal to avoid the cliff.

Simpson tells NBC's "Today" show it's ridiculous for Democrats and Republicans to speculate on which party would suffer more if no compromise agreement were achieved. He says, quote, "That's like betting your country. There's stupidity in that. This is big-time stuff."

Speaking of Congress, Simpson says, in his words, "If you gave 90 percent of them a profit-loss statement in one hand and a balance sheet in the other, they wouldn't know how to read it."



Former Sen. Alan Simpson




SECTIONS

Top News arrow

Latest News arrow

Local arrow

Nation & World arrow

Business & Technology arrow

Editorial & Opinion arrow

Sports arrow

Entertainment arrow

Living arrow

Travel & Outdoors arrow

Obituaries arrow


CLASSIFIEDS

Jobs arrow

Autos arrow

Homes & Rentals arrow

More Classifieds arrow