Hunt, Al, “Bowles, Simpson Discuss Federal Deficit Commission,” Bloomberg, 02/18/10

Erskine Bowles: “I think a value added tax – I’ve looked at lots of them – ought to be something that’s on the table.  Again, I think you’ve got to look at all solutions.”

Alan Simpson: “Flat tax, I’ve heard that talked about – I never thought that would work very well.  Value added, anything.  Tweaking, raising the social security age – I mean the thing was set up when the average age was 57; that’s why they started at average age 65; now the average lifespan is 80/83.  Can’t work.”

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