We consider the problem of constructing bounded-degree planar geometric spanners of Euclidean and unit-disk graphs. It is well known that the Delaunay subgraph is a planar geometric spanner with stretch factor C-del approximate to 2.42; however, its degree may not be bounded. Our first result is a very simple linear time algorithm for constructing a subgraph of the Delaunay graph with stretch factor rho= 1 + 2 pi(k Cos pi/k)(-1) and degree bounded by k, for any integer parameter k >= 14. This result immediately implies an algorithm for constructing a planar geometric spanner of a Euclidean graph with stretch factor rho.C-del and degree bounded by k, for any integer parameter k >= 14. Moreover, the resulting spanner contains a Euclidean Minimum Spanning Tree (EMST) as a subgraph. Our second contribution lies in developing the structural results necessary to transfer our analysis and algorithm from Euclidean graphs to unit disk graphs, the usual model for wireless ad-hoc networks. We obtain a very simple distributed, strictly-localized algorithm that, given a unit disk graph embedded in the plane, constructs a geometric spanner with the above stretch factor and degree bound, and also containing an EMST as a subgraph. The obtained results dramatically improve the previous results in all aspects, as shown in the paper.