Monday, November 7, 2011

What's Up With the Super Committee?

Posted By on Mon, Nov 7, 2011 at 3:30 PM

Reuters looks inside the meetings of the Super Committee tasked with fixing the federal government's finances:

Yet some opposing positions have seemed to harden, like those between Democratic Senator Max Baucus, who like other Democrats wants all budget options on the table, and Republican Senator Jon Kyl, who fiercely opposes any new defense cuts.

Tensions rose on October 25 when the Democrats unveiled their $3 trillion plan. As Baucus made the pitch, Republicans on the panel, led by Kyl, interrupted with blunt objections. "We haven't signed off on any revenues, and we certainly aren't doing anything that high," an aide quoted Kyl as saying.

At that point, as is the case whenever the talks get tough, all staff were ordered out, leaving only committee members to cool off and try to move on.

Talking Points Memo tells us that Sen. Chuck Schumer is pessimistic about the chances that the Super Committee will get some kind of deal:

Senate Democrats’ top messaging strategist predicted Monday that the deficit Super Committee will fail to meet its required minimum target of $1.2 trillion in deficit reduction.

“I don’t think the Super Committee is going to succeed because our Republican colleagues have said ‘no net revenues,’” said Sen. Chuck Schumer (D-NY) on MSNBC. “When Democrats move too far left, we lose. We’re now — the basic mainstream of Democrats…we’re willing to move to the middle,” Schumer said. “They are not willing to do any revenues.”

TPM also looks at a new Republican offer to (kind of) raise taxes.

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