Super committee headed for failure, aides concede
November 21st, 2011
03:25 PM ET
3 years ago

Super committee headed for failure, aides concede

Washington (CNN) - Facing harsh reaction from financial markets and a frustrated public, senators on the congressional super committee held last-minute talks Monday on what one participant billed as a "new idea" in an effort to salvage agreement on a deficit reduction deal.

Despite the impromptu meeting, the bipartisan panel tasked with finding at least $1.2 trillion in deficit cuts over the next decade will likely announce that it has failed, according to both Democratic and Republican aides.

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Filed under: Congress • Debt • Deficit • Deficit commission
soundoff (14 Responses)
  1. Mikey

    Should we call tocay's 300 point drop in the dow the "Norquist effect"

    Anyone who signs a pledge that they treat as higher than their oath of office should be voted out of office.

    November 21, 2011 11:29 am at 11:29 am |
  2. Rudy NYC

    Fair is Fair wrote:
    Let the cutting begin.
    --------------
    If failure is what the Democrats want so badly, then why are the Republicans so eager for the draconian cuts to begin? Democrats didn't write the legislation. The legislation meets the Republican goal of deep spending cuts, compromise or not. The only difference is that if it a compromise is reached, it would most likely have new taxes. Failure to find a middle ground on new taxes means deep spending cuts take effect.

    Would you care to explain how failure is to the advantage of Obama? While your at it, would you care to explain how Obama's failure to get involved in the superCommittee feeds into the line that he wants the group to fail? Because if he has a hand in the mix, then he can should be able to all but guarantee a failure if he wanted to.

    November 21, 2011 11:49 am at 11:49 am |
  3. Fair is Fair

    "The legislation meets the Republican goal of deep spending cuts, compromise or not. The only difference is that if it a compromise is reached, it would most likely have new taxes."
    -----–
    Republicans put an offer on the table that included $400 Billion in new revenue. The democrats rejected it. Do you deny that Rudy?

    November 21, 2011 11:55 am at 11:55 am |
  4. anaeliss

    This goes both way. No ones want to give an inch. The rich are too rich that they can't comprehend what increasing their tax bracket really mean. And the public only see the fews poor who received government assistance as taking up more of their tax dollars not realizing those who work in those government agencies get paid with tax dollars also. And President Obama can't be successful without cooperation, so whoever elected next year will inherited the same problems he inherited from the Bush's administration. Give everybody a million dollars and watch how fast the economy go downhill! Damn if we do, damn if we don't.

    November 21, 2011 11:56 am at 11:56 am |
  5. Rudy NYC

    Mikey wrote:

    Should we call tocay's 300 point drop in the dow the "Norquist effect"

    Anyone who signs a pledge that they treat as higher than their oath of office should be voted out of office.
    ---------------–
    I think the the market drop is a sign that the "4000 Club" (the 0.01%) is displeased with efforts to further reduce their taxes.

    November 21, 2011 11:56 am at 11:56 am |
  6. Debbie

    GOP has signed allegiance to one man: Norquist. That is directly opposed to upholding their Oath to the US Constitution. That makes them traitors. I'm waiting to see the bankers and those that signed a pledge to a man go to prison as traitors.

    November 21, 2011 11:59 am at 11:59 am |
  7. Rudy NYC

    Fair asked:
    Republicans put an offer on the table that included $400 Billion in new revenue. The democrats rejected it. Do you deny that Rudy?
    -----------–
    Of course, I deny that. That's a no brainer. First of all, it was only $300 billion in "new revenue", not $400 billion. The offer was rejected for several reasons. First, the "new revenue" was accompanied by an even larger dollar figure of new tax cuts for the wealthy, which made the proposal "revenue unbalanced." Second, even without the new tax cuts the proposal wouldn't even keep up with project inflation.

    Finally, if $30 billion dollars in spending cuts is unacceptable to conservatives, why should $30 billion dollars of "new revenue" be acceptable to liberals? Eliminate the proposed tax cuts in it, and it still wouldn't make a dent in the national debt. The plan is political theater, just like that "In God We Trust" jobs bill.

    November 21, 2011 12:08 pm at 12:08 pm |
  8. Indy

    Rudy NYC
    Keep killing them with the truth, Love it when you bust these Republican knot heads that have no clue that Republicans are toast, and the majority are far too smart to be fooled by the party that bows to Grover Norquist, and every single elected official that signed that pledge against Americans needs to be voted out and brought before the courts

    November 21, 2011 12:13 pm at 12:13 pm |
  9. Rebecca

    Republicans who signed the "no taxes" pledge should never have been allowed on the Super Committee. Tax cuts should be on the table.

    November 21, 2011 12:22 pm at 12:22 pm |
  10. Fair is Fair

    Indy

    Rudy NYC
    Keep killing them with the truth
    -----
    Rudy's entitled to his own opinion. He THINKS he's entiled to he own facts as well.

    November 21, 2011 12:29 pm at 12:29 pm |
  11. A True Centrist

    @ RudyNYC .."if $30 billion dollars in spending cuts is unacceptable to conservatives, why should $30 billion dollars of "new revenue" be acceptable to liberals?"

    Haven't been on here for a few weeks...good to see that Rudy still acts like a four year old. What's next Rudy, the "I know you are but am I" argument? Rudy, like I always tell my daughter and like I've written to you several time, two wrongs don't make a right. Sad, that's the problem with the far left and the far right these days. People like Rudy are leading to the downfall of this country. It's time for moderates to step up and voice their disgust.

    It's also time for the President, for the first time since he's been in office, to actually LEAD. Reagan convinced Republican leadership at the time to approve tax hikes to pass his other initiatives. Time for Obama to do the same. The Dems did not come into these meetings wanting a deal. It's obvious with the people they sent to the table.

    November 21, 2011 12:41 pm at 12:41 pm |
  12. Rudy NYC

    @A True Centrist wrote:
    People like Rudy are leading to the downfall of this country. It's time for moderates to step up and voice their disgust.
    -----------–
    Good to know that I am destroying this country. And I never knew that was responsible for the financial crisis and ideology that led to our broken economy. What you fail to realize that I am a moderate and I am voicing my disgust. You are calling for people to reject that voice of disgust and embrace the practice of Greed Over People.

    My job is to inform. The informed people realize that their is a fungus among us and its' name is today's conservatism.

    November 21, 2011 01:00 pm at 1:00 pm |
  13. Mikey

    @ True Centerist
    Republican Reagan got the GOP to raise taxes. Obama has the Dems ready to accept deep spending cuts. He is not a GOP leader. The GOP leadership needs to get their membership in line. That is their repsonsibility, not Obama's.

    The GOP did not come into these meetings wanting a deal. It's obvious with the people THEY sent to the table.

    Any you are anything but a True Centerist – I have yet to see anything other than right wing or far right leaning sentiments from you.

    November 21, 2011 01:43 pm at 1:43 pm |
  14. The Greedy Old PIgs have lost their minds!

    "People like Rudy are leading to the downfall of this country. It's time for moderates to step up and voice their disgust."

    Project much? It's your GOBP deathcult that owns the majority of the deficit, the ratings downgrade, and the tanked economy, while ignoring the vast majority of Americans clamoring for tax increases on the filthy rich. It's pretty clear where there problem lies, and it's not the left.

    November 21, 2011 02:10 pm at 2:10 pm |