'Dirty Harry' weighs in on deficit

@CNNMoney February 10, 2012: 2:02 PM ET
Clint Eastwood backs Simpson-Bowles

Give that fistful of dollars back to the Treasury.

NEW YORK (CNNMoney) -- Clint Eastwood is better known for playing '"Dirty Harry" and other hyper-masculine tough guy characters than holding nuanced public policy positions. But the actor is now throwing his weight behind a plan to reduce the country's massive deficits.

Eastwood said Friday he "absolutely" favors giving the Simpson-Bowles deficit reduction plan a second look.

What is Simpson-Bowles?

It's the debt reduction plan put together by Alan Simpson and Erskine Bowles, who served as co-chairmen of President Obama's fiscal commission.

Overall, their plan would reduce the country's accumulated debt to 40% of the overall economy by 2035, down from the 185% currently projected.

To get there, the plan recommends that spending not exceed 21% of gross domestic product. It listed specific government programs to cut, and recommends an overhaul of the tax code.

And Eastwood is a fan.

"The last couple regimes have put us deep in the hole," Eastwood said during an interview on CNBC.

"It's such a basic thing," Eastwood said. "Your parents always tell you when you don't have a dollar in your pocket, you don't spend two dollars. And that's kind of a basic philosophy of life."

The star actor and director lay some of the blame for the plan's initial failure at the foot of the Obama administration.

"I don't know why the current administration assigned them to it if they weren't going to pay any attention to it," Eastwood said. "If you're just waiting for people to tell you what you wanna hear, they can always get people to do that."

The comments come just a few days after Eastwood drew quite a bit of attention for appearing in a Chrysler Super Bowl commercial that some thought was overtly political.

"It's halftime," Eastwood said in the ad. "Both teams are in their locker rooms discussing what they can do to win this game in the second half."

"It's halftime in America, too," continued the 81-year-old producer and director. "People are out of work, and they're hurting. And they're all wondering what they're gonna do to make a comeback."

Eastwood has since said the ad was not meant to be political.  To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
Find personalized rates:
Economic Calendar
Latest ReportNext Update
Home pricesAug 28
Consumer confidenceAug 28
GDPAug 29
Manufacturing (ISM)Sept 4
JobsSept 7
Inflation (CPI)Sept 14
Retail sales Sept 14
  • -->

    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.