Simpson-Bowles To Super Committee: Go Big, Be Bold

The Super Committee got advice Monday from the former chairmen of the President’s Debt Commission: “go big and be bold” by increasing the deficit reduction to at least $4.5 trillion.

Former Sen. Alan Simpson and former White House Chief of Staff Erskine Bowles warned  that the U.S. is running out of time to address the country’s financial woes.

“The reason nobody with the credit agencies is messing around with Great Britain or France or Germany is simply because they have a plan,” Simpson said. “We don’t have a plan.”