Simpson-Bowles on Charlie Rose

Back in March, Charlie Rose had on Erskine Bowles and Alan Simpson, co-chairs of the National Commission on Fiscal Responsibility and Reform a/k/a the Deficit Reduction Committee.  Their view is that spending cuts and tax increases alone are not enough to get us out of our fiscal hole.  We must make difficult choices as a nation in order to pull through this.  However, those choices are not politically feasible and the plan was discarded.  Here is a clip from the 3/29/2012 interview where Mr. Bowles states why the Simpson-Bowles plan has not been adopted.  I can only urge you to watch the full interview at http://www.charlierose.com/view/interview/12265

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