Alan Simpson and Erskine Bowles Unveil "New" "Deficit Reduction" Plan

Erskine Bowles and Alan Simpson are out today with a "new" version of what's essentially their same fiscal plan. The main thing you need to know about it is that despite all this rhetoric this is not a plan about the budget deficit.

Now backing up, what you're going to read a lot of in the press is stories about the deficit. You're going to read that Simpson and Bowles are proposing $2.4 trillion in additional deficit reduction over the next 10 years and that this is an important d...