Wednesday, November 16, 2011

What's so super about it?

The so-called "supercommittee" -- made up of a group of Democrats and Republicans who must come up with $1.2-trillion in spending cuts are...(drum roll please)...not getting the job done.

Surprise!

The Washington Post reports that the "f"-word already is being whispered.
White House officials are quietly bracing for “supercommittee” failure, with advisers privately saying they are pessimistic that the 12-member Congressional panel will find a way to cut $1.2 trillion from the deficit as required.
In public, however, the official administration stance is that failure is not an option.
Failure is not an option? I see. That's hard to believe when the respective members appear divided on almost everything. Nevertheless, the public comments being made by Republicans is that success is possible. The New York Times explains why.
House Republicans, back from a week of recess, met to discuss the Republican offer, which includes $300 billion in new tax revenue over 10 years and a rewriting of the tax code. The package was warmly received by many House Republicans at a meeting of their caucus on Tuesday, according to people who attended.
“All of us have a lot of respect for Pat Toomey,” said Representative Jeff Flake of Arizona, one of the most conservative House members. “He’s a good free-market conservative.”
Democrats said they were dismayed to see Republicans rallying around the proposal without offering further concessions to address Democrats’ concerns.
Stop me when this begins to sound familiar -- the GOP rallies around an idea, and Democrats complain. Yes, this is indeed positive.

But, wait. Perhaps the Republicans are not getting along? Check out what Politico is reporting.
Even worse for Republicans, there seems to be a growing civil war on the right over the idea of tax revenues. Rank-and-file conservatives have always been suspicious of the supercommittee, and they’ve started to go public with their complaints, warning against the tax revenue proposals coming from their own party.
Perhaps it's time for us to begin thinking of another "f"-word, because if the supercommittee doesn't complete its work by next week, well, we might all be...

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