The bipartisan "super committee" tasked with finding a way out of the U.S. debt crisis has been established, but what can we expect? On Thursday, House Democratic leader Nancy Pelosi named the final three members to the 12-person panel, split evenly between Democrats and Republicans. They will have until November 3 to recommend a plan to cut $1.5 trillion from the deficit over 10 years. We speak with Robert Borosage, founder and president of the Institute for America’s Future and co-director of its sister organization, the Campaign for America’s Future. Borosage says the committee’s authority is unique in Congress, with "powers [that] are quite extraordinary."
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3 comments:
I don't think it took ten years to raise the debt by $1.5 trillion, why should it take ten years to reduce it by that much? Cutting wasteful government spending along with this will make a bigger dent in the debt. Let's hope this "super committee" will deal with wasteful spending.
When you have dumbocrats like Harry Reid that refuse to even cut spending for things like cowboy music poetry, you have a situation where there will be no progress
I agree with 9:15 AM,
This will solve nothing... If your in the hole 14 trillion and only cut 1.5 trillion, guess what your 12.5 trillion in the hole...
Not to mention since language is how things get done, their language is that they will cut spending by 1.5 trillion in the next ten years theoretically... meaning that they will cut 1.5 trillion in what they think they will be spending in 10 years... not actually cut spending like we as competent citizens would...
So in essence nothing will be changed or fixed and by the time 10 years roll around, guess what, its forgotten about and left for dust...
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