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Web Archive U.S. National Commission on Fiscal Responsibility and Reform

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About this Item

Title

  • U.S. National Commission on Fiscal Responsibility and Reform

Summary

  • "The National Commission on Fiscal Responsibility and Reform (often called Simpson-Bowles or Bowles-Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) is a Presidential Commission created in 2010 by President Barack Obama to identify 'policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run'. The commission first met on April 27, 2010. A report was released on December 1, 2010, and although the Commission was supported by over 60% of the members (11 out of 18), and an equal number of Democrats and Republicans, the report did not reach the 14-vote threshold required to formally endorse the blueprint and have it sent to Congress for approval.[4] Proponents of the plan praised it for hitting all parts of the federal budget and for putting the national debt on a stable and then downward path. Prominent supporters include JPMorgan Chase CEO Jamie Dimon, Democratic Leader Nancy Pelosi (although at first she opposed the proposal), former Secretary of State Hillary Clinton, and Republican Senator Tom Coburn, Democratic Representative Chris Van Hollen has called for a deal based on the Simpson-Bowles framework. Critics say that it would cut entitlement and safety net programs, including Social Security and Medicare. Prominent opponents include Paul Krugman, Speaker of the House Paul Ryan, President of the Americans for Tax Reform Grover Norquist and Democratic Representative Jan Schakowsky." -- Summary retrieved on October 7, 2019 http://dbpedia.org/resource/National_Commission_on_Fiscal_Responsibility_and_Reform

Created / Published

  • United States.

Genre

  • website

Form

  • electronic

Repository

  • Library of Congress, Washington, D.C., 20540 USA

Source Url

  • http://www.fiscalcommission.gov/

Access Condition

  • None

Scopes

  • -  fiscalcommission.gov (domain)

Online Format

  • web page

Additional Metadata Formats

Rights & Access

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Citing Resources in the Web Archive

Citations should indicate: Archived in the Library of Congress Web Archives at www.loc.gov. When citing a particular website include the archived website's Citation ID (e.g., /item/lcwa00010240). Researchers are advised to follow standard citation guidelines for websites, pages, and articles. Researchers are reminded that many of the materials in this web archive are copyrighted and that citations must credit the authors/creators and publishers of the works. For guidance about compiling full citations consult Citing Primary Sources.

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

U.S. National Commission on Fiscal Responsibility and Reform. United States, 2010. Web Archive. https://www.loc.gov/item/lcwaN0016863/.

APA citation style:

(2010) U.S. National Commission on Fiscal Responsibility and Reform. United States. [Web Archive] Retrieved from the Library of Congress, https://www.loc.gov/item/lcwaN0016863/.

MLA citation style:

U.S. National Commission on Fiscal Responsibility and Reform. United States, 2010. Web Archive. Retrieved from the Library of Congress, <www.loc.gov/item/lcwaN0016863/>.