Supercommittee = Super Failure

[ABM]

http://news.yahoo.com/super-failure-deficit-cutting-panel-gives-225248534.html

WASHINGTON (AP) — Congress' supercommittee conceded ignominious defeat Monday in its quest to conquer a government debt that stands at a staggering $15 trillion, unable to overcome deep and enduring political divisions over taxes and spending.

Stock prices plummeted at home and across debt-scarred Europe as the panel ended its brief, secretive existence without an agreement. Republicans and Democrats alike pointed fingers of blame, maneuvering for political advantage in advance of 2012 elections less than a year away.

The impasse underscored grave doubts about Washington's political will to make tough decisions and left a cloud of uncertainty over the U.S. economy at the same time that Greece, Italy, Spain and other European countries are reeling from a spreading debt crisis and recession worries.

Lawmakers of both parties agreed action in Congress was still required, somehow, and soon.

"Despite our inability to bridge the committee's significant differences, we end this process united in our belief that the nation's fiscal crisis must be addressed and that we cannot leave it for the next generation to solve," the panel's two co-chairs, Sen. Patty Murray, D-Wash., and Rep. Jeb Hensarling, R-Tex., said in a somber statement.

They added it was not possible to present "any bipartisan agreement" — omitting any reference to the goal of $1.2 trillion in cuts over a decade that had been viewed as a minimum for success.

President Barack Obama — criticized by Republicans for keeping the committee at arm's length — said refusal by the GOP to raise taxes on the wealthy was the main stumbling block to a deal. He pledged to veto any attempt by lawmakers to repeal a requirement for $1 trillion in automatic spending cuts that are to be triggered by the supercommittee's failure to reach a compromise, unless Congress approves an alternative approach..................

 

[julius]

I'm not surprised in the least. People are still putting party ahead of country.

 

[MARIS61]

He (Obama) pledged to veto any attempt by lawmakers to repeal a requirement for $1 trillion in automatic spending cuts that are to be triggered by the supercommittee's failure to reach a compromise, unless Congress approves an alternative approach..................

I like that he's calling their bluff and sending the spoiled brats to bed without their dinner.

 

[Ed O]

This is what happens when the can gets kicked down the road: no one is willing to cut anything. Fortunately there were some consequences put in place that will result in automatic cuts.

Ed O.

 

[BLAZER PROPHET]

What this shows is that no plan that is "politics as usual" will solve our problems. We need to think outside the box. Our current politicians don't have that mental capability.

Or the guts.

 

[ABM]

What this shows is that no plan that is "politics as usual" will solve our problems. We need to think outside the box. Our current politicians don't have that mental capability.

Or the guts.

We don't have a "leader" who can lead. Meaning, helping to bring folks together for the common good. Without true leadership, chaos and/or selfishness reigns.

For all his shortcomings, Clinton was a master at this. That said, he made some personal compromises.....not to mention, compromising situations.

 

[MARIS61]

A President can only suggest we all act as adults, which he has done for 3 years now.

Eisenhower was a leader, but the Nazis would never have followed him. They had different goals.

Congress and the House are the enemy, the ones destroying America, the ones who passed the bills and wrote the laws which are draining our wallets, the ones refusing to put aside their bribe money and do what they were elected to do.

 

[barfo]

Did anyone expect any different?

barfo

 

[maxiep]

It worked as intended. Both sides think they have the winning argument for 2012, so compromise wasn't going to happen.

 

[ABM]

Did anyone expect any different?

barfo

Who appointed these guys?

 

[barfo]

Who appointed these guys?

It was a man wearing a blazer, from Atlanta. Don't recall the name.

barfo

 

[ABM]

It was a man wearing a blazer, from Atlanta. Don't recall the name.

barfo

Andrew Young?

 

[BrianFromWA]

I usually don't say this, but...
I
told
you
so

 

[barfo]

Andrew Young?

No, he's not young.

barfo

 

[BLAZER PROPHET]

It was a man wearing a blazer, from Atlanta. Don't recall the name.

barfo

I love barfoisms.

 

[ABM]

I love barfoisms.

It was kind of silly. But, I digress.

Obama has not shown the leadership that is literally commanded from the position he carries. I see it as a case whereas he pawned everything off on this so-called Super-committee. Wimpy leadership begets chaos and/or contempt. It is what it is.

 

[jlprk]

It is what it is.

That transcends Barfoisms, situationally. That's like

Que sera, sera. What will be, will be.
This, too, shall pass.

 

[ABM]

That transcends Barfoisms, situationally. That's like

Que sera, sera. What will be, will be.
This, too, shall pass.

Or....nothing we can do about it at this point.......but, certainly can in November, 2012.

 

[barfo]

It was kind of silly. But, I digress.

Obama has not shown the leadership that is literally commanded from the position he carries. I see it as a case whereas he pawned everything off on this so-called Super-committee. Wimpy leadership begets chaos and/or contempt. It is what it is.

Except for the minor fact that it was CONGRESS that created the supercommittee and pawned everything off on them.

Otherwise, yeah, I see your point completely.

barfo