Everything You Need to Know About the Fiscal Cliff Plans, in Charts
- By Matthew O'Brien
- December 6, 2012
- Leave a comment
But you know what they say: the first $2 trillion is the easiest. It's the next $2 trillion or so where things get tricky. That's where the "plan" part of the plan comes in. The Center for American Progress and Domenici-Rivlin have both offered good blueprints, but let's focus on Bowles-Simpson as a model, because of its totemic status inside the Beltway. The chart below, courtesy of the Center on Budget and Policy Priorities, looks at the savings from Bowles-Simpson over the next decade that haven't already been enacted -- in other words, excluding the BCA. (Note: All amounts are in billions).