…GO Economy.vi;de iiermanyless Italy profits to GDP 1960 1985 1990 1996 2000 2005 2010 MS 1988 1991 1994 1997 2000 2003 2006 2009 2012 Source:Seeappendix_ Some: See appendix. The table below shows the $5 trillion in deficit reduction contemplated by the Bowles Simpson plan over 10 years, and how much has been accomplished so far through the Budget Control Acts (by spending caps, sequestration and related interest savings). After we adjust for the revenue increases and spending…