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Simpson, Bowles want deep cuts from debt panel

Four prominent deficit-cutters told Congress' bipartisan "supercommittee" on Tuesday that they must strike a major debt reduction compromise that both raises revenue and revamps giant benefit programs.

By Alan Fram | Updated on November 01, 2011

WASHINGTON (AP) — Four prominent deficit-cutters told Congress’ bipartisan “supercommittee” on Tuesday that they must strike a major debt reduction compromise that both raises revenue and revamps giant benefit programs.

If the two parties prove unwilling to make concessions — with Republicans accepting higher revenues and Democrats backing major overhauls to programs like Medicare — then “they are both complicit in letting America destroy itself,” said Pete Domenici, a former GOP senator from New Mexico who headed the Senate Budget Committee.

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