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search.  the national interest  Erskine Bowles Bids to Spoil
Obama Second Term  Erskine Bowles Put this man in charge of the
budget process he does not seem to understand.  The fiscal scold
lobby has raised $35 million and counting to warn America that
Democrats and Republicans must come together to solve the
deficit before the “fiscal cliff” occurs and … the deficit goes
away on its own. Today, Erskine Bowles warns in an op-ed that
the price of waiting will be terrible:   That is totally false.
Going over the fiscal cliff and then doing nothing for another
year would mean a huge tax hike and spending cut. But waiting
until January would mean extremely gradual tax increases and
spending cuts, ones that would not even begin to take place
immediately, because Obama has the ability to delay their
implementation. And even after they're implemented, the effect
would be gradual, and could subsequently be canceled out. It’s
like saying if you go three