10/3/11

Do we really want the Debt Committee to work?

Debt Committee's Failsafe Might Already Be Undone : NPR: "The Joint Select Committee on Deficit Reduction – also known as the supercommittee – created by Congress this summer has just seven weeks to agree on a plan reducing projected deficits by more than a trillion dollars.

If that panel of six Democrats and six Republicans deadlocks, or if Congress rejects its work, by law automatic across-the-board budget cuts — half of them from defense spending — will be triggered. Already, talk is growing of undoing that trigger."

Evidently Congress is frightened? That is hardly new. The power elite rules. Congress obeys.

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