Moral Outrage
Whew! God help us!

The Super Committee failure reflects our own super failure

Leaders of the congressional supercommittee charged with trimming the federal budget deficit by at least $1.2 trillion have announced that the panel could not reach an agreement. As a result, across-the-board spending cuts—largely in Medicare and defense—are slated to go into effect in 2013.

So the “super committee” failed. Can you honestly say you were expecting a different outcome? The inability of an evenly split panel of Capitol Hill Democrats and Republicans to agree on $1.2 trillion in savings is about as surprising as January snow in Fairbanks, Alaska. Elected officials in Washington can’t even pass a budget anymore, much less agree on politically tough choices about taxes and spending.

Says Brown University political scientist Wendy Schiller, “Both parties chose their own electoral livelihoods over the good of the country, and it is outright shameful. … This might be the most self-serving, mediocre and uncaring set of legislators in Congress in the last 50 years.”

Ask most budget analysts for the cause of America’s ballooning debt — $15 trillion and counting — and they’ll note the toxic combination of skyrocketing entitlement costs, defense spending that dwarfs that of any other nation on the planet and the Bush-era tax cuts.

But if you’re ready to hand our dysfunctional Congress a one-way ticket to political oblivion, don’t forget to leave room on the bus for the American public. Americans voted them into office, and polls show they’re pretty much doing what Americans want.

While six in 10 Americans say they embrace “major cuts” to spending programs, in reality people flinch when it comes to reductions in the largest, most popular programs. Fifty-seven percent of Americans oppose major changes to Medicare and Social Security, while 60% oppose major cuts in Pentagon spending, according to a November 18-20 CNN/ORC International Poll. Nearly 90% of Americans oppose higher taxes on the middle class, the poll shows.

The one idea that wins solid majority support from the electorate is higher taxes on wealthier Americans and businesses. Roughly two in three Americans back the idea, according to the survey. Ending the Bush tax cuts for the wealthiest would generate an estimated $800 billion, two-thirds of the super committee’s minimum goal.

[CNN]

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3 Responses to “The Super Committee failure reflects our own super failure”

  1. Commentary on the United States Government’s fiscal insanity as explained at http://www.thebulletproofpatriot.com/blog/2011/11/contagion-the-euro-part-1/

    Back in August, Congress approved a plan to increase the national debt ceiling to $16.7 trillion. And Congress came up with the Supercommittee plan to force a select few members of Congress to find an amicable way to cut $1.2 trillion from the national debt before December 2011.

    The Supercommittee can’t even find a way to cut $1.2 trillion over a period of ten years. You read that correctly – while the Congress was busy increasing the debt ceiling by $2.4 trillion, which would be reached in less than two years, they were proclaiming the Supercommittee’s obligation to cut $1.2 trillion over a period of ten years as some sort of saving grace.

    So the Supercommittee, which is supposedly going to save America from another credit downgrade by slashing a massive portion of the national debt, was actually only tasked with finding a way to cut a measly 3.2% from the annual budget.

    To better illustrate the larger point here: Your family has an annual budget of $100,000. … In order to live this lifestyle, you borrow $40,000 every year on a credit card to supplement the $60,000 annual salary the family earns. Since you’ve been taking out tens of thousands in debt for the past several years to finance your lifestyle and have now maxed out your line of credit at $417,500, your credit cards have raised your interest rates.

    You and your spouse have proposed to reduce the family’s expenses by selling your home and moving into a smaller house and also by selling your pair of brand new BMWs and buying a couple of used cars.

    You instead decide that rather than cutting $40,000 from your budget you’ll just “compromise” on cutting $3,200 instead.

    Now, rather than borrowing $40,000 per year, you’ll only be borrowing $36,800 per year. Problem solved!

  2. This is why we need to elect for our next President.

    For those of you that want to vote for Ron Paul and are not registered as a Republican or not registered you have to be sure that you are registered or get your registration changed before l the deadline which is soon.
    Yes Ron Paul needs to win the Republican primary and the Republican leaders are not going to help him but are going to support one of the other rino canidates.

  3. As I wrote in my blog post today, I am not convinced that this whole thing did not go down exactly as key Republican and Democratic leaders planned, for a lot of very good reasons.

    Just my opinion …


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