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Jaded Haven
VERBATIM POST
The unconstitutional Super Committee failed to reach a reasonable consensus, massive partisan convulsions ensued.
Tissue paper discussions were ripped to thin shreds behind a privileged set of closed doors, cutting a significant slice of the budget or shorting tax revenue were never up for serious consideration.
Philip Klein writes it best.
As the clock ticks toward next Wednesday’s deadline for the “super committee” on deficit reduction to come up with $1.2 trillion in savings, it’s looking increasingly likely that the panel will fail. Though that’s theoretically supposed to trigger automatic cuts in defense and Medicare spending, those won’t kick in until 2013. In other words, lobbyists for defense manufacturers, hospitals, drug companies, etc. will have a year to fight any cuts.
Just to give you a sense of how pathetic a “super committee” failure would be, I created this chart, which shows how small the $1.2 trillion in cuts members are having so much trouble finding would be relative to the $44 trillion the federal government is projected to spend over the next decade, according to the Congressional Budget Office.
The super committee was never intended to be more than a pretty show horse.Grifting the american taxpayer is how these people earn their living.
Pathetic
ReplyDeleteInconsequential at best.
Brock what do you mean by "reader"
Mozart
If you go to your dashboard, you see your reading list on the left and you can click on the right
ReplyDeleteView in Google Reader
if you want to view links this way. At any rate, this is ridiculous, as I just went there and you link has vanished in thin air again. I'll input it once more.: