Erskine Bowles, the Democratic co-chairman of President Obama’s National Commission on Fiscal Responsibility and Reform, called the Paul Ryan budget “sensible, straightforward, serious” at a speech given at the University of North Carolina last September. The video of the speech, first reported at HotAir via Morgen Richmond, provides a compelling case that a growing number of independents and Democrats are acknowledging President Obama has failed to offer a serious solution to our expanding fiscal crisis.

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