The Non-Existent Fiscal Commission Report Reappears in a Washington Post Column

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Tuesday, 19 July 2011 05:20
The Post obviously finds it hard to get good help. That must be why it had to use a column by a person, Norman Ornstein, who didn't know that the Simpson-Bowles commission never issued a report. Ornstein is referring to the report of the co-chairs, Bowles and Simpson. This report never got the support from the necessary majority of the commission. This is an example of the sort of skills mis-match that economists refer to as "structural unemployment," where workers do not have the skills necessary for the jobs that are available.