Over the past several months I have been increasingly asked for my views on the Bowles-Simpson deficit reduction proposal.
Unfortunately, it is not a question that lends itself to a simple "I support it" or "I oppose it" answer. There are many commendable aspects to the Bowles-Simpson proposal, but there are also several areas where I believe the proposal either falls short or would actually undermine prospects for economic growth.
Righting our fiscal ship and evaluating the various plans that have been proposed to do so is such a serious issue that it deserves thoughtful discussion. To that end, I have been pleased to have had a number of opportunities for a more in-depth discussion of my views on Bowles-Simpson.
For the benefit of others who might be interested, I have adapted my basic presentation on the matter into a video.