December 9, 2012

While President Obama is demanding tax rate hikes on small businesses, former Clinton White House Chief of Staff and Democrat Erskine Bowles told CBS Face the Nation, "We have to cut spending." Bowles, whose proposal to the Joint Select Committee on Deficit Reduction is the basis for the latest Republican plan to avert the fiscal cliff, said the president's plan "won't solve the problem." http://www.speaker.gov/video/bowles-we-have-cut-spending