Deficit hawks to speak on shutdown at Miami U

October 2013

Steve Wyatt was interviewed by the Dayton Daily News about the 2013 Jack R. Anderson Distinguished Lecture Series presenters, Alan Simpson and Erskine Bowles.

"They have a real interest to make sure our country is on sound financial footing," said Steve Wyatt, chair of the Miami University Department of Finance and professor. "We will hear something very different than what is being said in Washington now."

Simpson is a former Republican senator from Wyoming (1979-1997) and former director of the Institute of Politics at Harvard's Kennedy School of Government. Bowles is the president emeritus of University of North Carolina, the former White House chief of staff under President Bill Clinton, and former administrator of the Small Business Administration.

When the two known as the "deficit hawks" came out with their reduction plan in 2010, Wyatt said it indicates "that we've overpromised as a nation too much that we can't deliver on, and it's a very cruel thing to do to people." Wyatt call the Simpsons-Bowles plan "very sensible" and "would have directed the country "on a path that we were not going to continue to borrow at prodigious rates."

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