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Alan Simpson

Fix the Debt? Try Fixing CEO Pay

Fix The Debt, the group pushing Congress to do something about runaway deficit spending, is loaded with highly compensated CEOs who know more about prosperity than austerity.They want to close tax loopholes, but they haven't yet mentioned that part of the tax code that encourages their companies to pay them millions in performance-based pay each year."Before they start calling for cuts that will have a huge impact on ordinary Americans, they should look at the ways they've been contributing to the deficit," said Sarah Anderson of the Institute for Policy Studies in Washington.Ms. Anderson is one of the authors of a study that her group released Thursday (May 2) called, "'Fix The Debt' CEOs Enjoy Taxpayer-Subsidized Pay."Fix the Debt is a bipartisan campaign co-founded by Alan Simpson, a former Republican U.S. senator from Wyoming, and Erskine Bowles, a former member of the Clinton administration. The group wants to cut spending, raise revenues and reform entitlement programs such as So...

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  1. Simpson/Bowles to Unveil Deficit Reduction Plan

    FBN’s Diane Macedo breaks down stories moving the markets ahead of the trading day.

  2. No Breaks for Congress Until They Address the Debt?

    Former U.S. Comptroller General David Walker on the need for Congress to tackle the government’s rising debt.

  3. Honeywell CEO Would Rather See Automatic U.S. Spending Cuts Than Nothing

    Honeywell International Inc. (HON) Chief Executive David Cote said Wednesday he would rather see automatic U.S. spending cuts kick in next month, in the interest of ...

  4. Economics of Immigration Reform

    Former Governor Haley Barbour weighs in on illegal immigration in America.

  5. Erskine Bowles Fighting Debt Until the Death

    Erskine Bowles says being a university president is like being the CEO of a cemetery: "You've got lots of people underneath you, but ain't nobody listening."Mr. Bowl...

  6. Washington Avoiding Simpson/Bowles Debt Plan?

    Former Sen. Alan Simpson on the lack of spending cuts from the White House.

  7. Congress Defuses Bomb That it Built

    Myopic stock investors, apparently relieved that a measure of uncertainty has been lifted from the markets, are cheering the tax deal that -- temporarily at least --...

  8. Fiscal Cliff Legislation Passes Congress

    The House of Representatives approved a Senate-passed bill late Tuesday night to avert some of the effects of the fiscal cliff, including painful spending cuts and s...

  9. Sen. McConnell Blocks Vote on Debt Ceiling

    FBN's Neil Cavuto weighs in on the fiscal cliff deadline.

  10. Governors Come to Washington

    With a few weeks remaining before the onset of "fiscal cliff," a bipartisan delegation of governors is set to meet Tuesday with President Barack Obama and congressio...

  11. Humorous Take on the Fiscal Cliff Debate

    Investor’s Business Weekly Political Cartoonist Michael Ramirez on efforts to avoid the fiscal cliff.

  12. Behind the Scenes Talks on Budget Deal

    FBN's Charlie Gasparino argues legislative aides doubt any budget deal before Thanksgiving.

  1. Honeywell Has Its Hands in the Honey Pot

    Justin Danhof took the floor at Honeywell International Inc.'s (HON) annual meeting in Morris Township, N.J., on Monday to ask about the company's taxpayer-funded bi...

  2. Former Sen. Alan Simpson on Sequestration

    Former Sen. Alan Simpson , (R-Wyo.), on the steps to rein in government spending.

  3. 'Public Service' or the Gravy Train?

    The next time a politician or bureaucrat talks about their sacrifices as so-called "public servants," grab your wallet and run in the opposite direction. In fact, th...

  4. Alan Simpson , Erskine Bowles Unveil New Deficit Reduction Plan

    Former U.S. Dept. of Labor Chief Economist Diana Furchtgott-Roth, former Fed Economist Kevin Hassett and former Sen. Scott Brown, (R-Mass.), on the new Simpson-Bowles plan to reduce the deficit.

  5. MARKET SNAPSHOT: U.S. Stocks Rise On Hopes Of Corporate Deals

    U.S. stocks climbed on Tuesday, pushing the S&P 500 index to a five-year high, as investors embraced thinking of a likely merger between retailers Office Depot Inc. ...

  6. Sequestration Built Into Economic Forecast

    PNC Financial Services Group chief economist Stuart Hoffman weighs in on government spending and the new Simpson-Bowles proposal.

  7. MARKET SNAPSHOT: U.S. Stocks Climb, Anticipating M&A Activity

    U.S. stocks climbed on Tuesday, with sentiment lifted by hopes for a merger between retailers Office Depot Inc. and OfficeMax Inc."Recent mergers and acquisitions ar...

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