Monday, November 21, 2011

Supercommittee Is Expected To Announce Failure Today

This article anticipates the failure of the bipartisan supercommittee that was charged with developing a plan to reduce federal budget deficits. Republicans believe that they will have a better chance to get what they want after the 2012 elections. The failure of the supercommittee to reach a compromise will become part of the election campaign. Both parties will blame the other party for the failure. Frankly, it is a failure of our democratic system. Compromise is viewed as a sign of weakness in the GOP. The Democrats on the committee offered cuts in spending that angered many loyal party members but the GOP will stop at nothing to maintain the Bush tax cuts which are a major cause of projected budget deficits.

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