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Joint Select Committee on Deficit Reduction | C-SPAN

Joint Select Committee on Deficit Reduction | C-SPAN | Super Committee | Scoop.it
The deadline is fast approaching. Will the committee be able to compromise to find a solution to this huge problem? If they can, will Congress come together to pass it? Let's hope that they can and will.
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Debt panel failure sets up contentious December for Congress - TheHill.com

Debt panel failure sets up contentious December for Congress - TheHill.com | Super Committee | Scoop.it
Ok, so the super committee failed. That is indeed bad news. But there is still work to be done. Let's hope that Congress can move past the failure and not use it as ammunition against each other in the blame game.
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A Transparent Failure - nolanmccarty.com

A Transparent Failure - nolanmccarty.com | Super Committee | Scoop.it
This is an interesting post (courtesy of Professor Seitz) by Nolan McCarty. I agree with two of his points.

First, when the appointments were announced, knowing the polarization of some of the members, I couldn't help but wonder if compromise was truly the goal.

And secondly, I agree with his point about transparency. While I do feel like the public should be made aware of almost everything our elected officials do, this is a case where I think less light on the sausage making would have been beneficial. I think that at least a few of these members are responsible enough that they may have come to commom ground if not for the intense scrutiny of every word they said. And not just the scrutiny of the media and public - I think they also had to watch their backs with a few of their comrades. I can't help but wonder if a few of the appointments were teacher's pets that reported regularly back to the party leaders.
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Supercommittee fails to reach a deal

Supercommittee fails to reach a deal | Super Committee | Scoop.it
The panel’s failure comes as no surprise at this point.

That's ok leaders. You tried really hard. Why don't you just go home and have a nice Thanksgiving. It's not like this was a big deal or anything.
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Debt deal prospects sour amid partisan wrangling

Debt deal prospects sour amid partisan wrangling | Super Committee | Scoop.it
On the brink of failure, members of a deficit-cutting committee blamed each other for the intransigence that has gridlocked the panel.

I sense a change in the rhetoric today. Up till now, committee members have tended to speak about back room happenings in more general and nicer terms. Things like "we've put forth a plan that we think has a good balance." They have pretty much avoided attacking the other side (attacks have been coming from within each party's own ranks).

Today however, committee members are openly bashing other committee members. This morning on Meet The Press, Senators Kyl and Kerry both tore into the other side's proposals. We can pretty much know that compromise is not forthcoming when they start their comments with "our friends on the other side of the aisle.....".
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Debt supercommittee: Frequently Asked Questions

Debt supercommittee: Frequently Asked Questions | Super Committee | Scoop.it
All you wanted to know but were afraid to ask about the Congressional deficit-reduction committee.

This is an excellent article that Jason found that summarizes what this is all about. Note that if the committee has to have a CBO score by the 21st and the CBO could take a week to score it, they would need to submit a plan now.
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First Read - Supercommittee talks at impasse

First Read - Supercommittee talks at impasse | Super Committee | Scoop.it
Is this what we can expect for the next couple of weeks? Let's hope that both sides are taking their opportunity to posture for their bases and then will all become heroes when they do the right thing at the last minute.
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Americans Blame Both Sides of "Supercommittee" for Failure

"Most Americans, 55%, say Republicans and Democrats on the U.S. debt "supercommittee" are equally to blame for its failing to reach agreement, with the rest more inclined to blame Republicans (24%) than Democrats (15%)." This is an interesting report from Gallup. Their poll asked different questions about people's feelings about the committee's failure and who they blame for that. In the questions about compromising we see that in general, Democrats and Independents think that members should have compromised more while many Republicans do not want compromise. What do they want? Continued gridlock?
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Pat Toomey: Dems had reason to fail - Tim Mak

Pat Toomey: Dems had reason to fail - Tim Mak | Super Committee | Scoop.it
He says agreeing to a big debt deal would hurt President Obama's campaign against Congress. Republicans say it was the Democrats' fault. Democrats say it was the Republicans' fault. Americans say it was ALL of you who were at fault! Stop posturing and start fixing!
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Supercommittee failure: How should Congress move forward on the debt?

Supercommittee failure: How should Congress move forward on the debt? | Super Committee | Scoop.it
The failure of the debt supercommittee has left Congress with plenty of unfinished business.

What now is the question of the day. The inability to agree on any of these individual questions or grand proposals was the reason for the super committee in the first place. Will it's failure all of a sudden convince members to cooperate now? I'm afraid not. Each individual legislator is so entrenched that I don't see them deciding to compromise at this point.
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Meet the Press transcript for November 20, 2011

Meet the Press transcript for November 20, 2011 | Super Committee | Scoop.it
Transcript of the November 20 broadcast featuring Jon Kyl, John Kerry, Dee Dee Myers, Ed Gillespie, Mike Murphy and Eugene Robinson.

Senators Kerry and Kyl letting us all know that the Super Committee is not likely to produce any worthy results.
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GOP supercommittee members’ tax plan gives party an identity crisis

GOP supercommittee members’ tax plan gives party an identity crisis | Super Committee | Scoop.it
Growing Republican support for raising taxes to help reduce the deficit has prompted a GOP identity crisis and sparked debate within the party on a bedrock doctrine.

This will be interesting to watch. A battle between the stubborn and the responsible. I'm sure other issues are creating similar discussions within the Democrats' ranks.

What is so hypocritical is that 535 people didn't want to compromise and then take the heat for their votes so they sent these poor sacrificial lambs out to do it for them. And then, instead of appreciating their sacrifice and supporting them, they pile on top and bash them!
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Hensarling: Still Hope for Super Committee : Roll Call News

Hensarling: Still Hope for Super Committee : Roll Call News | Super Committee | Scoop.it
Rep. Jeb Hensarling (R-Texas) said today that he hasn't given up hope that the super committee in charge of restructuring the nation's debt will meet its Nov. 23 deadline.

It's good to hear some positive talk from the members. I imagine that both sides don't want to show all of their cards until the last minute.
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Defense Spending and the Deficit Debate - Council on Foreign Relations

Defense Spending and the Deficit Debate - Council on Foreign Relations | Super Committee | Scoop.it
If the committee fails to act then defense spending could face automatic cuts of nearly $500 billion over nine years. Opinion seems to vary over how much this would impact the Department of Defense. And as this article points out, future Congresses could change spending bills as they see fit. So it seems that this provision of the Budget Control Act is not as much of an incentive for them to act as it might seem at first glance.
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