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The budget-cutting “Supercommittee” formed in the wake of August’s debt ceiling deal that has been tasked with finding meaningful austerity measures to put the U.S. government on a track to fiscal balance has, to no one’s surprise, not come close to anything significant.
Sen. Toomey recently floated the idea that Congress could change the rules on the Supercommittee so that they could also avoid the “automatic trigger” cuts that would be enacted in case the Supercommittee fails to reach a deal.
Toomey said, however, that Congress is “very likely” to reconsider the triggers, and that would involve “a lively debate” but ultimately cuts would occur, however, in some fashion. Without that, the dysfunction in Congress will be laid bare both at home and abroad.
Pardon me if I say we’ve heard this story before. The GOP took the country to the precipice of default so that they could plant their flag on achieving serious deficit reduction. With the impending failure of the Supercommittee, conservatives gain nothing. (Well, other than a political victory, because raising the debt ceiling was an unpopular measure with voters.) Congress would rather keep the status quo, refuse to negotiate with each other and refuse to even acquiesce to the cuts that they’ve already agreed to.
President Obama has also issued a veto threat to any attempt to change the details involving the Supercommittee’s failure to reach a deal.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?