NEW YORK (CNNMoney) - The congressional debt committee has nine days to come up with a deficit reduction proposal.
There are basically three possible outcomes: The bipartisan panel reaches a deal; it doesn't reach a deal; or it reaches a partial deal.
Personally, Ithink that the GOP/TP likes crisis mode, and really wants the super committee to fail. For them it HAS TO fail. They have all sworn allegiance to a private, very rich, radically conservative, anti-tax Grover Norquist, and hold that oath and all that it entails (no taxes on the rich, or for corporate America at the expense of all else).
When do we round these Congressmen up, and try them for treason? They seem bent on economic errorism, and class genocide against the vast majority of poor and middle class Americans by wiping out all social spending that helps keep a survivable standard of living for the poor, the sick, and the elderly. The proof is their pledge to the richest in Amerca, and their spokesman- Grover.
I don't expect a deal to be reached. Neither do I expect the automatic budget cuts to be enacted. The committee seems to serve more as a political wedge than as a political solution. Let us all hope that I am wrong.