Stay updated with breaking news from Bowles plan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
>> bowles was thrilled. his plan for retribution for wells fargo was being pulled out the way he intended. there was probably a level of bravado here such that he often looked forward to his next attempt. >> bowles makes his get away over 120 miles through rugged terrain over the mountains back to san francisco p where a transformation begins. >> charles bowles is a truly awed dash shoes criminal. after committing highway robbery, he returns to high society to hide in plain sight. he has the ingenuity to avoid capture by developing an alter ego and living within blocks of the target of his crimes. bowles plan is a brilliant piece of criminal stat strategy.
for people for decades from when they'll receive benefits. others might support raising the income cap on the payroll tax. liberals may like that more but it's also a budgetary reform. on medicare, i think the simpson/bowles plan is a great place to start, slowly raising the medicare eligibility age from 65 to 67 by the mid-2030s and expanding means tested medicare premiums. let's debate those options. and by the way i'm not the only one who thinks we need to debate this. >> we're going to have to reform entitlements to keep them solvent for future generations. >> you're okay with raising the medicare ability age? >> with proper carveouts for people with health challenges, absolutely. our goal should be to explore any option to fund and maintain entitlements while also being
through at the end of the bush presidency. austerity is the solution according to the beltway. they want the government to spend less, which sounds great if you see it only as government spending and not as stuff that the government does. spending, that can't be good for anything, but stuff the government does, yeah, sometimes that's stuff we want. a week and a half ago, they tried to relaunch the magna carter, the simpson/bowles plan. the conservative american austerity idea been around for a few years now, but they attempted to relaunch it on the morning that ended up being the day that boston was locked down for 17 hours while the nation was transfixed by the man hunt for the boston bombing suspect. bad timing, right? both in terms of the optics of relaunching, in the midst of a massive and ultimately successful government effort to find that bombing suspect. that was the day that the streets of watertown, massachusetts, literally lined with americans crying with joy
through at the end of the bush presidency. austerity is the solution according to the beltway. they want the government to spend less, which sounds great if you see it only as government spending and not as stuff that the government does. spending, that can't be good for anything, but stuff the government does, yeah, sometimes that's stuff we want. a week and a half ago, they tried to relaunch the magna carter, the simpson/bowles plan. the conservative american austerity idea been around for a few years now, but they attempted to relaunch it on the morning that ended up being the day that boston was locked down for 17 hours while the nation was transfixed by the man hunt for the boston bombing suspect. bad timing, right? both in terms of the optics of relaunching, in the midst of a massive and ultimately suernmt effoo find that bombing suspect. that was the day that the streets of watertown, massachusetts, literally lined with americans crying with joy
we believe that our projections show that the balance we will submit will actually balance. it will balance at the same time the republicans' budget balanced last year, which is out in the future, around 2040, because we put ourselves on a path downward. but our priority, our priority is to have job growth. and their budget will slow job growth at exactly the wrong time. >> but aren't you also building something that's false in the political climate that republicans face? i mean, here the senate budget requires more tax increases, roughly a trillion dollars. you know how difficult it is for your colleague here to go back to bakersfield or other conservatives to go back to the districts and say we need more tax increases when there simply isn't support for that. >> david, two things. one, the senate democratic plan has less tax revenue embedded in it than the bipartisan simpson/bowles plan, number one. number two, republicans in their budget say they're about $5.7 trillion in tax breaks that you
it will balance at the same time the republicans' budget balanced last year, which is out in the future, around 2040, because we put ourselves on a path downward. but our priority, our priority is to have job growth. and their budget will slow job growth at exactly the wrong time. >> but aren't you also building something that's false in the political climate that republicans face? i mean, here the senate budget requires more tax increases, roughly a trillion dollars. you know how difficult it is for your colleague here to go back to bakersfield or other conservatives to go back to the districts and say we need more tax increases when there simply isn't support for that. >> david, two things. one, the senate democratic plan has less tax revenue embedded in it than the bipartisan simpson/bowles plan, number one. number two, republicans in their budget say they're about $5.7 trillion in tax breaks that you can eliminate. their plan would drop the top
you were to repeal obama care today, their budget would not be in balance. now, kevin has said that our budget will never balance. we believe that our projections show that the balance we will submit will actually balance. it will balance at the same time the republicans' budget balanced last year, which is out in the future, around 2040, because we put ourselves on a path downward. but our priority, our priority is to have job growth. and their budget will slow job growth at exactly the wrong time. >> but aren't you also building something that's false in the political climate that republicans face? i mean, here the senate budget requires more tax increases, roughly a trillion dollars. you know how difficult it is for your colleague here to go back to bakersfield or other conservatives to go back to the districts and say we need more tax increases when there simply isn't support for that. >> david, two things. one, the senate democratic plan has less tax revenue embedded in it than the bipartisan simpson/bowles plan, number one. number two, republicans in their
president. looking at plans like the simpson/bowles plan, the gang of six plan, they all included discussions with tax rates up at 39%, the '90s rates, what the president is requesting right now. my hope is the sooner the better. one of the things we're doing to the economy, we saw the jobs numbers. we're pretty good today. this economy wants to take off again. what's holding it back right now is the political uncertainty about whether we're going to go over the cliff and each day that clicks off, we are holding back retail sales during the christmas season and that's just crazy. >> senator, on entitlements, the other side of the equation here if the tax rates have gotten what the president wants, which is a raise to 39.6%. the three national unions have that come out with an ad campaign are targeting two senators. you are one of them. as well as two republican
or go anywhere in the country, we know we're covered. [ male announcer ] the new preferred pharmacy network lets you enjoy copays for as low as $1 at thousands of pharmacies in retail locations like these. unitedhealthcare has worked to get low costs for plan members. [ man ] i called the moment i heard about it. i even got help picking out the perfect plan for me. so did my wife. it was easy -- really easy. now we'll be happy with our coverage, we'll know what our copays are, and you know what else? we won't have to deal with our old part d plans again. december 7th is coming. i'm glad we're switching. [ male announcer ] open enrollment starts october 15th and ends december 7th. so make the switch to an aarp medicarerx plan. you could even get the plan with the lowest part d premium in the u.s. call now for a free information kit. you'll receive a summary of plan benefits and an enrollment form. aarp medicarerx plans insured through unitedhealthcare.
...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. go ahead, mark your calendars. mmm i can still see you. it's the last day you can switch your medicare part d plan. we're ready, and we can't wait to switch. what i wanted was simple: the most value for my dollar. so, now that it's time, we're making the move to a plan that really works for us. [ male announcer ] make the switch to an aarp medicarerx plan, insured through unitedhealthcare. open enrollment starts october 15th and ends december 7th. call now for a free information kit. you'll receive a summary of plan benefits and an enrollment form. discover why these part d plans are so popular with over 4 million plan members and counting. with predictable copays and plans with no annual deductible, you could start saving with your first prescription. plus, we'll be covered at like 60,000 pharmacies. so if we visit our kids in portland