Super committee rests in pieces: A briefing page
The deficit super committee failed. What do you need to know about the super committee deficit cutting effort? Check out DCDecoder's briefing.
The super committee is dead. But long live the supercommittee in our round up of what you need to know about Washington’s latest gambit that, it turns out, wasn’t.Skip to next paragraph
Subscribe Today to the Monitor
Documents and Talking Points:
- Bankrupting America has this excellent primer of what happens now that the $1.2 trillion trigger (of cuts over the next 10 years) has been pulled.
- The supercommittee’s joint statement on their failure.
- President Obama’s statement on the supercommitte’s failure and House Speaker John Boehner’s (R-Ohio) statement.
- The Simpson-Bowles debt reduction plan that both Sen. Joe Manchin (D-W.Va.) and Sen. Lindsey Graham (R-S.C.) asked the president to endorse today.
What do you need to know?
- Marc Ambinder looks at why Obama didn’t get involved, writing that “[h]aving allowed Congress to fail on its own, Obama is not about to take the reins of a process that could further erode voter confidence in him.”
- Why didn’t Obama get in the thick of things? One answer might be that the failure of the supercommittee, the New York Times writes, “has inverted the normal reality, in which spending rises inexorably unless Congress musters the political will to impose cuts. Now, although both parties say they are committed to more gradual approaches, an agreement is required to avoid the fiscal equivalent of shock therapy.”
- Ezra Klein of the Washington Post argues Obama should push for the Bowles-Simpson framework because such a move would “place the deficit debate back on more reasonable terms. He’d take back the initiative from House Republicans. And he’d give a better policy package a fighting chance at passage.”
- Decoder would like to know: Wasn’t it Congress that couldn’t get this put together? Why all this talk about what Obama should or shouldn’t do? We get the point about the President steering the conversation, but, really? Aren’t the people on Capitol Hill adults (and elected ones, at that) too? Tell us where we’re wrong.