It’s the Simpson-Bowles Personal Profit Tour: Making Money Off the U.S. Debt – Leo Gerard

The nation’s debt is a good deal for Alan Simpson and Erskine Bowles, the leaders of the failed deficit commission. The two are profiting personally by urging fat cats and CEOs to support their two-year-old, already-interred deficit reduction plan.

Simpson, a former Republican Senator, and Bowles, a Morgan Stanley director, charge $40,000 a pop to promote their rejected scheme to fix the debt by slashing Social Security, Medicare and other programs for the middle class. That means every time they speak, Simpson and Bowles each pocket more than 2.5 times the $15,000 that a typical senior citizen gets from Social Security in an entire year.

via It’s the Simpson-Bowles Personal Profit Tour: Making Money Off the U.S. Debt – Leo Gerard.

About these ads
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s