Romney, Obama both like Simpson-Bowles plan, to a point

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Republican presidential nominee Mitt Romney shakes hands with President Barack Obama at the end of the first 2012 U.S. presidential debate in DenverWASHINGTON (Reuters) – Republican hopeful Mitt Romney and President Barack Obama praised the deficit-cutting plan known as Simpson-Bowles at their debate on Wednesday, but neither has made the politically painful choices put forward by that scheme. Both candidates held up the 2010 deficit panel's report as a model at the first debate in Denver, and Romney blasted Obama for not fully embracing the proposal, which seeks to pare the deficit, which has topped $1 trillion in recent years. …

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