Body:
"Fiscal Cliff As A Policy Opportunity" -- PLEASE WATCH.
Pete Peterson calls Bowles and Simpson "heroes and patriots."
Alan Simpson calls Peterson "a Prince."
Bowles says: "Pete Peterson laid the foundation for this, we stand on his shoulders."
Then Bowles states the real reason for eviscerating the social safety net: "We have to have the money for investment (infrastructure, R&D, education) to compete in a knowledge-based world."
