"When we started working on the president’s commission, we figured we were doing it for our grandkids, but as we worked on it more, it became clear we weren’t doing it for our grandkids, or even our kids, but for ourselves,” said Erskine Bowles, the former White House chief of staff for President Bill Clinton, who is also known to dealmakers as the founder of boutique investment bank Bowles Hollowell Conner & Co., in a keynote address at ACG InterGrowth on April 23.

The keynote was co-delivered by former Sen. Alan Simpson (R-Wyo.). Together, they co-chair the National Commission on Fiscal Responsibility and Reform, a bipartisan commission that developed a plan for trimming the nation's deficits by $4 trillion over the next decade.

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