Erskine Bowles And Alan Simpson React To "Fiscal Cliff" Deal

Erskine Bowles and Alan Simpson of the "Simpson-Bowles Commission" reacting to the compromise headed for Obama's signature:

“Washington missed this magic moment to do something big to reduce the deficit, reform our tax code, and fix our entitlement programs. We have all known for over a year that this fiscal cliff was coming. In fact Washington politicians set it up to force themselves to seriously deal with our Nation’s long term fiscal problems. Yet even after taking the country to the brink of economic disaster, Washington still could not forge a common sense bipartisan consensus on a plan that stabilizes the debt.”

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