Monday, November 21, 2011

"Supercommittee" To Fail, Was An Example In Lack Of Leadership

The clock is running out on the deadline for the debt supercommittee to come up with cuts to be made (NY Slimes, via American Power).

Conceding that talks on a grand budget deal are near failure, Congressional leaders on Sunday pointed fingers at each other as they tried to deflect blame for their inability to figure out a way to lower the federal deficit without having to rely on automated cuts.

The testy exchanges — which dominated the Sunday talk shows — made clear that leaders in both parties now see the so-called sequester — a term meaning an automatic spending cut — as the most likely solution to reduce the federal deficit by $1.2 trillion over 10 years, instead of a negotiated package of spending reductions and tax increases, something they have been unable to achieve over the last 10 weeks.

Democrats blamed the Republicans for their unwillingness to walk away from a no-new-taxes pact they signed at the request of a conservative, antitax group, arguing that the American public realizes that no grand deal could be reached without a combination of spending cuts and new tax revenues.

“As long as we have some Republican lawmakers who feel more enthralled with a pledge they took to a Republican lobbyist than they do to a pledge to the country to solve the problems, this is going to be hard to do,” Senator Patty Murray, Democrat of Washington, the co-chairwoman of the 12-member special Congressional committee on deficit reduction, said on CNN’s “State of the Union.”

The whole idea of a supercommittee was a ridiculous one and showed an utter lack of leadership on the part of John Boehner and the Republican leadership in the House. It was simply a way of kicking the can down the road, instead of rolling the sleeves up and getting cuts.

But honestly, there's no way the budget will be cut, or any finanical sanity restored to our nation, until Obama is defeated for re-election, while we have to select the most conservative of the GOP field to replace him.

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