Simpson-Bowles Plan
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Simpson-Bowles Plan
The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run". The 18-member Commission consisting of 12 members of Congress and six private citizens,Jackie CalmesPanel Seeks Social Security Cuts and Higher Taxes ''New York Times'' (November 10, 2010). first met on April 27, 2010. A report was released on December 1, 2010, recommending a combination of spending cuts (including an increase in the Social Security retirement age and cuts to military, benefit, and domestic spending) and tax increases (including restricting or eliminating certain tax credits and deductions and increasing the federal gasoline tax). The Commission' ...
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Alan K
Alan may refer to: People * Alan (surname), an English and Turkish surname * Alan (given name), an English given name **List of people with given name Alan ''Following are people commonly referred to solely by "Alan" or by a homonymous name.'' *Alan (Chinese singer) (born 1987), female Chinese singer of Tibetan ethnicity, active in both China and Japan *Alan (Mexican singer) (born 1973), Mexican singer and actor * Alan (wrestler) (born 1975), a.k.a. Gato Eveready, who wrestles in Asistencia Asesoría y Administración *Alan (footballer, born 1979) (Alan Osório da Costa Silva), Brazilian footballer *Alan (footballer, born 1998) (Alan Cardoso de Andrade), Brazilian footballer *Alan I, King of Brittany (died 907), "the Great" *Alan II, Duke of Brittany (c. 900–952) * Alan III, Duke of Brittany(997–1040) *Alan IV, Duke of Brittany (c. 1063–1119), a.k.a. Alan Fergant ("the Younger" in Breton language) *Alan of Tewkesbury, 12th century abbott *Alan of Lynn (c. 1348–1423), 15th ...
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Hillary Clinton
Hillary Diane Rodham Clinton ( Rodham; born October 26, 1947) is an American politician, diplomat, and former lawyer who served as the 67th United States Secretary of State for President Barack Obama from 2009 to 2013, as a United States senator representing New York from 2001 to 2009, and as First Lady of the United States as the wife of President Bill Clinton from 1993 to 2001. A member of the Democratic Party, she was the party's nominee for president in the 2016 presidential election, becoming the first woman to win a presidential nomination by a major U.S. political party; Clinton won the popular vote, but lost the Electoral College vote, thereby losing the election to Donald Trump. Raised in the Chicago suburb of Park Ridge, Rodham graduated from Wellesley College in 1969 and earned a Juris Doctor degree from Yale Law School in 1973. After serving as a congressional legal counsel, she moved to Arkansas and married future president Bill Clinton in 1975; the tw ...
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Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ...
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United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ...
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Americans For Tax Reform
Americans for Tax Reform (ATR) is a politically conservative U.S. advocacy group whose stated goal is "a system in which taxes are simpler, flatter, more visible, and lower than they are today." According to ATR, "The government's power to control one's life derives from its power to tax. We believe that power should be minimized." The organization is known for its "Taxpayer Protection Pledge", which asks candidates for federal and state office to commit themselves in writing to oppose all tax increases. The founder and president of ATR is Grover Norquist, a conservative tax activist. Structure Americans for Tax Reform is a 501(c)(4) organization with 14 employees, finances of $3,912,958, and a membership of 60,000 (as of 2004). It was founded by Grover Norquist in 1985. The associated educational wing is the Americans for Tax Reform Foundation, which is classified as a 501(c)(3) research and educational organization. The purpose of both entities is to educate and/or lobby against ...
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Grover Norquist
Grover Glenn Norquist (born October 19, 1956) is an American political activist and tax reduction advocate who is founder and president of Americans for Tax Reform, an organization that opposes all tax increases. A Republican, he is the primary promoter of the Taxpayer Protection Pledge, a pledge signed by lawmakers who agree to oppose increases in marginal income tax rates for individuals and businesses, as well as net reductions or eliminations of deductions and credits without a matching reduced tax rate. Prior to the November 2012 election, the pledge was signed by 95% of all Republican members of Congress and all but one of the candidates running for the 2012 Republican presidential nomination. Early life and education Norquist was born in Sharon, Pennsylvania and grew up in Weston, Massachusetts. He is the son of Carol (née Lutz) and Warren Elliott Norquist, a vice president of Polaroid Corporation, and is of Swedish ancestry. His brother, David Norquist, has served in se ...
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Dave Camp
David Lee Camp (born July 9, 1953) is a former American politician who served as a member of the United States House of Representatives from 1991 to 2015. Camp represented since 1993, and previously served one term representing . A member of the United States Republican Party, Republican Party, Camp was chairman of the House Committee on Ways and Means, serving from 2011–2015. In March 2014, he announced that he would not run for re-election. Early life, education, and law career Camp was born in Midland, Michigan, the son of Norma L. (Nehil) and Robert D. Camp. He graduated from Herbert Henry Dow High School, H.H. Dow High School in 1971. He attended the University of Sussex, Brighton, England, 1973–1974 and earned his Bachelor of Arts, magna cum laude, in 1975 from Albion College in Albion, Michigan. He earned a Juris Doctor from the University of San Diego School of Law in 1978. From 1979-91, he was a partner with the law firm Riecker, Van Dam & Barker in Midland, Michigan ...
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Jeb Hensarling
Thomas Jeb Hensarling (born May 29, 1957) is an American politician who served as the U.S. representative for Texas's 5th congressional district from 2003 to 2019. A member of the Republican Party, he chaired the House Republican Conference from 2011 to 2013 and House Financial Services Committee from 2013 until 2019. A leading opponent of regulating the financial industry, Hensarling has close ties to Wall Street, having received campaign donations from every major Wall Street bank as well as various payday lenders. On October 31, 2017, Hensarling announced that he would retire from Congress at the end of his current term and would not seek reelection in 2018. In 2019, he revealed he was joining UBS Group AG as executive vice chairman for the Americas region. Early life Hensarling was born in Stephenville, the seat of government of Erath County in Central Texas; he was reared on the family farm in College Station. He is the son of Mary Ann (Brock) and Charles Andrew "Chase" ...
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Paul Ryan
Paul Davis Ryan (born January 29, 1970) is an American former politician who served as the List of Speakers of the United States House of Representatives, 54th speaker of the United States House of Representatives from 2015 to 2019. A member of the Republican Party (United States), Republican Party, he was the Vice President of the United States, vice presidential nominee in the 2012 United States presidential election, 2012 election running alongside Mitt Romney, but lost to incumbent president Barack Obama and then-vice president Joe Biden. Ryan is a native of Janesville, Wisconsin and graduated from Miami University in 1992. He spent five years working for Congress in Washington, D.C. He became a speechwriter and returned to Wisconsin in 1997 to work at his family's construction company. He was elected to Congress to represent the following year, replacing a Republican Congressman who left and ran for U.S. Senate. Ryan would represent the district for 20 years. He chaired t ...
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Social Safety Net
The social safety net (SSN) consists of non-contributory assistance existing to improve lives of vulnerable families and individuals experiencing poverty and destitution. Examples of SSNs are previously-contributory social pensions, in-kind and food transfers, conditional and unconditional cash transfers, fee waivers, public works, and school feeding programs. The core idea of SSN can be understood as an analogy to a circus artist walking on a tightrope with a net hanging under it, ready to catch the artist if she falls. It is not helping her to get up on the line again, but prevents her from falling to the ground, avoiding potentially life-threatening damages. In the same way, the economic social safety net provides a certain minimum amount of welfare or safety that the society has agreed that no one should fall below. Definitions There is no exact and unified definition of the concept of SSN. The World Bank has one of the widest definitions, but multiple definitions are used b ...
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Entitlement
An entitlement is a provision made in accordance with a legal framework of a society. Typically, entitlements are based on concepts of principle ("rights") which are themselves based in concepts of social equality or enfranchisement. In psychology, entitlement mentality is defined as a sense of deservingness or being owed a favor when little or nothing has been done to deserve special treatment. Psychology An inflated sense of what is sometimes called ''psychological entitlement'' – unrealistic, exaggerated, or rigidly held – is especially prominent among narcissists. According to the DSM-5, individuals with narcissistic personality disorder (NPD) are likely to have a "sense of entitlement to special treatment and to obedience from others," typically without commensurate qualities or accomplishments: Similarly, according to Sam Vaknin, the narcissistic personality attempts to protect the vulnerable self by building layers of grandiosity and a huge sense of entitlement. Sim ...
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Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there. He also holds the title of Centennial Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010, and is among the most influential economi ...
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