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'Super Committee' Looking Stalled
Alex M. Parker
With time running out, the deficit and debt problems remain intractable
When the idea of the so-called super committee was first suggested, it earned jeers of derision from pundits and observers who questioned why a panel of leadership-selected lawmakers could somehow trim the deficit in ways that President Obama and
The super committee faces a legal deadline of
During the entire debt ceiling crisis this summer, Republicans never budged from their refusal to consider tax hikes, and neither party got close to bridging that divide. Today, the super committee is hamstrung by the same basic partisan divide. In a speech in Louisville today, House Speaker
Boehner uses the 1996 welfare reform bill as an example of how this type of thinking can lead to significant policy achievements. It's a useful idea, to a point. But in this case, there's so little common ground on fiscal policy that it's hard to see how it could reach the super committee's goals. And major overhauls to the tax structure and budget, like the 1986 Tax Reform Act, involved both parties giving concessions over issues they stubbornly stick to today.
At least one senator thinks there's a chance. Sen.
The little bits of news that have trickled out about the committee have left little reassurance. Democrats reportedly offered what they view as a reasonable and ambitious proposal with revenue hikes and entitlement changes, but were rebuffed by Republicans. Republicans offered a more modest plan with much less in new tax revenues, and claim that the Democrats' efforts are little more than posturing to avoid blame when the committee runs aground.
About the most encouraging thing at this point is that the discussions are still happening, despite the bad blood. So far, the committee has been spared the high-profile negotiation walk-outs which seemed to characterize the summer talks over the debt ceiling. Perhaps that's because the stakes are lower. If the super committee fails, it won't mean a national default or a government shutdown. Rather, across-the-board cuts in defense and social spending will automatically be triggered, but won't go into effect until 2013, giving
The threat of a national default and a government shutdown couldn't get
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'Super Committee' Looking Stalled | Politics
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