Monday, November 21, 2011

Doomed To Fail Super Committee Is Failing

Today we learn that the Joint Deficit Reduction Committee is not going to meet the deadline to come up with a plan to meet its goal as outlined in the Budget Control Act of 2011.

GOAL — The goal of the joint committee shall be to reduce the deficit by at least $1,500,000,000,000 over the period of fiscal years 2012 to 2021.

Who could have seen that coming? It was as predictable as the sun rising in the east.

The finger pointing has already been going on for a while. No doubt there will be more, especially once the deadline officially passes. Look for minority reports from each side. Grover Norquist should be proud that the Republican members of the committee stuck to their...values?

1 comment:

Anonymous said...

I'm glad it failed. Packed with worst corporate apparatchiks, the politburo stunk with corruption. This failure was only a futher reiteration of the failure that resulted in the committee's formation. Success would have been an even worse outcome.

We need drastic military cuts, so OK-fine with those auto-cuts. A truly rational outcome would have spent those savings in a truly stimulative fashion, and increased taxes on the idle-money wealthy elites and spent that dough too.

We need to cut the deficit about when we have 2% transactional unemployment.

A pox on both Houses, and both parties.