Super Committee Hopelessly Deadlocked?

zzzz

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The clock is ticking ....6 weeks left and it seems that this micro-committee is as partisan as the whole. Did we really expect anything to come from this?

The bipartisan, bicameral, twelve-member super committee tasked with finding at least $1.2 trillion in debt reduction measures by Thanksgiving has reportedly gotten nowhere so far because Democrats won't budge on entitlement reform unless Republicans budge on new tax revenue. This scenario was super predictable. [AP]
Not only mandatory cuts across the board but the credit rating may take anotehr hit too.

If the super committee process fails, in theory, $1.2 trillion in automatic spending cuts would be triggered. But many seasoned observers expect Congress may end up modifying or repealing that trigger.
By contrast, if the super committee process succeeds and Congress votes through more than the minimum $1.2 trillion in savings, S&P said that could help to stabilize the country's long-term AA+ rating.
Moody's, for its part, affirmed the country's AAA rating but revised the outlook to negative, and said if the super committee process proves "ineffective, this could affect the rating negatively."
Debt committee may raise risk of a U.S. downgrade - Oct. 11, 2011
 

Jackson

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To predict the success of these negotiations, just what characteristics did each party look for in their negotiators? People that could work across the aisle, give in to demands from opponents? People who would stand steadfast in their demands and not give an inch?

Looking back at the gridlock we have had in the congress for years now, how likely would it be that both parties sought out individuals that could put the needs of the country first and leave their party hats at the door?

Right. We're doomed. :eusa_eh:
 

WatertheTree

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Stupidity of the super committee

[ame=http://www.youtube.com/watch?v=0oK9FnhEC6U&feature=player_detailpage]Ron Paul: "Super Congress" Is Part of a Dangerous Trend - YouTube[/ame]

Stupidity of increasing debt

[ame=http://www.youtube.com/watch?v=kJ7dwmv8rVE&feature=player_detailpage]Ron Paul: It's All a Fraud - Boehner's "Cuts" Are Fictitious - YouTube[/ame]

The role of congress is to make these decisions. What does this mean when our congress just wont do there jobs?
 

paulitician

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Dr. Paul nailed it as usual. This 'Super Committee' is just bad for America. They should disband it immediately.
 
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zzzz

zzzz

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When they get to the deadline and mandatory cuts are called for I see Congress backing out of the deal. In other words it was all a game to delay the reckoning. Its looks like it is to the point where the Repubs want the economy to stay bad so they can get rid of Obama and the Dems want things to stay bad so they can take back the House. Of course nobody will say that but ... it sure appears that way. No one wants to give an inch.

Of course one good thing about a bad economy, the gas prices are going to keep going down!
 

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