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Wednesday, April 7, 2010 as of 11:14 AM ET

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Alan Simpson

Alan Kooi Simpson (born September 2, 1931) is an American politician who served from 1979 to 1997 as a United States Senator from Wyoming as a member of the Republican Party.

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After last year's budget failures, the converted gather for annual deficit pep talk

Government leaders past and present gathered in Washington on Tuesday to do what they do best about the nation's deficit woes: talk.

At an annual "fiscal summit" in a capital city that seems almost comically unable to function, much less take action to trim benefit programs and defense spending or raise taxes to close a crippling budget gap, a crowd of the converted listened to Washington elite: Treasury Secretary Tim Geithner, former President Bill Clinton, House Speaker John Boehner, R-Ohio, members of a failed deficit "supercommittee," and the chairman and top Democrat on the House Banking Committee.There was universal agreement. The deficit is bad and Washington really, really needs to fix it. Fast.What was lacking was any agreement on how to do it, and certainly no expectation that the warring tribes in Washington will do anything meaningful to tackle trillion-dollar deficits before the fall elections.The summit is hosted by Pete Peterson, who has staked $1 billion of his Wall Stre...

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  1. U.S. Deficit Commission Recommends Changes to Social Security

    A draft proposal by the deficit commission suggests curbing Social Security benefits and raising the retirement age.The co-chairmen of the panel appointed by Preside...

  2. House kicks off contentious budget debate

    The House took up a stringent GOP budget plan Wednesday that blends big cuts to safety-net programs for the poor with a plan to dramatically overhaul Medicare, kicki...

  3. The Deficit Commission Is a Big, Fat Dud

    The Deficit Commission is a dud. We always suspected it, now we know it. Co-chairs Erskine Bowles and Alan Simpson attempted a grand compromise on solving the defici...

  4. Hospitals, Labor Unions Blast Health Care Cost Cuts in Deficit Commission Plan

    WASHINGTON -- The health care cuts proposed by President Barack Obama's deficit commission would reach virtually every corner of society, making cost curbs in the ne...

  5. Deficit Commission Report Fails to Advance to Congress

    A sweeping proposal aimed at cutting $4 trillion from the budget over the next decade failed to win enough votes Friday to clear the commission President Obama entru...

  6. Obama Pitches Budget Deal, Tells Senators to Run With Details

    While deficit commission co-chairman Alan Simpson suggests prayer is the answer to finding long-term debt reduction, President Obama is counting on a small group of ...

  7. Contentious targets: Deficit panel leaders aim to curb Social Security , tax breaks, spending

    In a politically incendiary plan, the bipartisan leaders of President Barack Obama's deficit commission proposed curbs in Social Security benefits, deep reductions i...

  8. What Are the Odds? Deficit Panel Proposals Face Uphill Climb in Congress

    The co-chairmen of the president's deficit commission are urging politicians not to "wimp out" as they roll out dozens of recommendations aimed at slicing trillions ...

  9. Deficit Panel to Propose Social Security Cuts

    WASHINGTON -- The members of President Barack Obama's deficit commission will begin to go on the record Wednesday as they debate politically explosive budget cuts, i...

  10. Simpson: Leaving Entitlements on Auto Pilot Will Crush the U.S. Economy

    President Obama's calls for a five-year freeze on discretionary spending, as well as Republican demands to turn back the budget clock to 2008 spending, will save "pe...

  11. As debt panel takes shape, questions arise over whether members can bridge political divide

    Republicans named a mix of partisans and pragmatists on Wednesday to the new congressional committee charged with striking a debt-cutting compromise. While members o...

  12. Mainstream Media Pushing Hard to Defeat the Tea Party, Raise Taxes

    The Politico headline read: "Conservative elites pine for 2012 hero." They could have shortened that sentence to "Elites pine" or more likely to "Elites freak the he...

  1. After last year's budget failures, lawmakers gather for annual deficit pep talk

    Government leaders past and present gathered in Washington to do what they do best about the nation's deficit woes: talk.At an annual "fiscal summit" Tuesday in a ca...

  2. Alan Simpson : Chaos in Congress after presidential election

    Former debt commission co-chair explains

  3. Is Alan Simpson Right?

    Are Americans hooked on Social Security ?

  4. Congressional leaders gird for 'chaos' session over tax hikes, debt ceiling

    Republican and Democratic congressional leaders are stepping up their war of words over a looming lame-duck session that is already being described as "chaos in Cong...

  5. Another debt ceiling battle on Capitol Hill?

    Boehner signals potential for fight

  6. Simpson to Keep Job on Deficit Panel Despite Offensive E-Mail

    Former Sen. Alan Simpson will keep his job on President Obama ’s deficit panel despite pressure from advocacy groups worried about his comments comparing Social Secu...

  7. Apology Not Accepted: Two Dems, Women's Groups Call for Simpson to Be Fired

    Two Democratic lawmakers and several women's advocacy groups are calling on President Obama to fire former Wyoming Sen. Alan Simpson from the federal debt commission...

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