What's next after 'Super committee' failure?
November 22nd, 2011
09:05 AM ET
2 years ago

What's next after 'Super committee' failure?

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Washington (CNN) - Uncertainty lingered Tuesday about what the continued fallout would be from the failure of the congressional "super committee" to forge a deficit reduction deal.

Monday's announcement about the committee's failure was followed by dip in the Dow Jones Industrial Average. The Dow fell 248 points Monday, with a minor recovery after being down more than 300 points earlier in the afternoon.

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Filed under: Congress • Debt • Deficit • Deficit commission • Uncategorized
soundoff (26 Responses)
  1. Nadeem

    What's next should be the unemployment line for every single member of that committee – if Republicans or Democrats blindly vote for these buffoons it will tell me and the world that American democracy is dead- regardless of how incompetent you are if you your are blue in a blue state or red in a red state you will stay in Washington. These people need to be in the unemployment line.

    November 22, 2011 09:19 am at 9:19 am |
  2. rs

    The republican members go to Gitmo until they renounce their pledges to Grover Norquist, and pledge their allegiance to America?

    November 22, 2011 09:27 am at 9:27 am |
  3. Rudy NYC

    Republicans will once again try to back out of legislation that they themselves wrote and passed. House Republicans are already calling for modifying the cuts demanded by sequestration. Meanwhile, all Republicans are still declaring tax increases for the wealthy as "off the table" despite the fact that an overwhelming plurality of voters want them.

    The same polls consistently show that even a majority of registered Republicans want tax increases on the wealthy. This group of voters favoring the tax increases would be the ones who have yet to figure out that the Republican Party they thought they knew just simply does not exist anymore.

    November 22, 2011 09:29 am at 9:29 am |
  4. Paying Citizen

    As a registered voter, law abiding and middle-class citizen, I am disgusted! First of all, the voters elected representatives to Congress to make the analysis and decisions, so why the special committee? Are they incompetent to do what they were elected to do? As for this so-called failure, is it a failure based on doing what is right versus what is politically motivated? Our politicians are OUT OF TOUCH on what their job is. If I were king for the day I would fire each one of these senators and get the money we paid for their salary back only to put it against the deficit. That is the least they could do for starters. Hey, how much did the citizen's have to pay for this "super committees" failure?

    November 22, 2011 09:42 am at 9:42 am |
  5. AlaskaPalin

    What next? Democrats up for reelection in 2012; 'you are all fired'! Change the president! 'Obama; in 2012 you are fired'! With a republican president (not myth romney)- the rich will get richer, the middle class will become rich and the poor will become middle class or rich. That's the optimism a republican president will bring. Congress will work again. Sorry to say but obama has become 'the do nothing president'.

    November 22, 2011 09:49 am at 9:49 am |
  6. Dominican mama 4 Obama

    After succeeding in leaving the country in the lurch due to their partisanship and irrational, greed-driven adherence to Norquist/Koch/corporate pledges, the Super committee will go on a "well-earned" vacation. Not doing what you were charged to do, and blaming President Obama for it really takes it out of you, dontchaknow.

    November 22, 2011 09:56 am at 9:56 am |
  7. J.V.Hodgsn

    As almost every blogger has pointed out this was bound to fail.
    The Republican strategy has been clear from many months ago.
    Hang this president on the cusp of unemployment rate and blame him for everything that has gone wrong.
    Then the god McConnel says the president has not done enough, give us all abreak he tried the debt commission that republicans refused to join, he put forward the AJA against both of which Republicans trotted out the mantra(s) job cretaors repeal everything Obama did and worse still reduce taxes further for the rich and corporates.
    The only compromise has come from Democrats especially obama on spending cuts but there has consistently been zero compromise on republican policy which is back to staus quo at the end of bush except make the tax cuts permanent. thise policies brought America and the global economy to its knees and still cannot stand up
    The do not listen to 655 plus of vox populi i.e polls on taxes or even the millionaires themselves who say tax us it wont change our investment policy.
    Last I heard most business mens philosophy was if you are paying a lot of tax you are doing wel, and paying because you can afford to do so. Obama's taxes do nothing to deter business grwoth but an awful lot to restore consumer demand which is 655 plus of US GDP.
    Regards,
    Hodgson.

    November 22, 2011 10:19 am at 10:19 am |
  8. Rick McDaniel

    Let all of the tax cuts expire, for everyone. Let the Bush tax cuts expire, the payroll tax cuts expire, and any other tax cuts that are due to expire.......EXPIRE!

    November 22, 2011 10:30 am at 10:30 am |
  9. Rudy NYC

    What's next after 'Super committee' failure?

    Not allow ourselves to be distracted by Republicans from the jobs that they promised The People in 2010.

    November 22, 2011 10:39 am at 10:39 am |
  10. Stevie

    After Republicans win the Senate, more House seats and the white house next year, they will fix it.

    November 22, 2011 11:07 am at 11:07 am |
  11. Bill, NY

    The failure of the so-called "Super Commitee" is the failure of us all. We are a nation split in two. As a nation we must go in one direction or the other. Until we can unite as a nation we will continue down the slippery slope of doom!

    November 22, 2011 11:17 am at 11:17 am |
  12. Sorensen

    Welcome to banana republic USA. The laughing stock of the civilized and now also the uncivilized world.

    November 22, 2011 11:44 am at 11:44 am |
  13. Rudy NYC

    Stevie wrote:
    After Republicans win the Senate, more House seats and the white house next year, they will fix it.
    -----------
    Republicans already "fixed" the economy between 2001 and 2006 when they controlled Congress and the White House.

    November 22, 2011 11:51 am at 11:51 am |
  14. Indy

    Whats next is jail time for all that signed a pledge against all Americans best interest with Grover Norquist

    November 22, 2011 12:11 pm at 12:11 pm |
  15. vic , nashville ,tn

    Republicans didn’t capitalize its 2010 victory
    People need jobs
    There is no way republicans will win white house or senate in 2012 they may lose the congress in 2012

    November 22, 2011 12:13 pm at 12:13 pm |
  16. mmillie

    The Super Committee is no more to blame than Congress as a whole. In fact, the members of Congress who approved this committee and selected its membership had to know that this was a charade from the beginning. We need to elect more members of Congress who represent the vast lower middle class of this country. And anybody who believes that the Tea Party plays that role is a fool.

    November 22, 2011 12:14 pm at 12:14 pm |
  17. Fair is Fair

    Why isn't Obama following the recommendations that the Bowles – Simpson committee came up with? He st that up, after all.

    November 22, 2011 12:25 pm at 12:25 pm |
  18. Rudy NYC

    mmillie wrote:

    The Super Committee is no more to blame than Congress as a whole. In fact, the members of Congress who approved this committee and selected its membership had to know that this was a charade from the beginning
    -----------–
    Please do not lose sight of how and why the 'supercommittee' was created, and most importantly by whom?

    It was the grand compromise that Republicans wanted in the debt ceiling debate. All spending legislation must originate in the House, which controlled by Republicans. They refused to raise the debt ceiling without an equal amount of spending cuts. Since no one could agree on the cuts before the deadline, Republicans proposed a "super committee" tasked with cutting the enough spending to make the debt ceiling increase revenue nuetral.

    If the committee reached a compromise, it is a safe bet that such a deal would include tax increases. If the committee didn't reach a compromise, then automatic cuts kick in without any tax increases. So I ask you, who wins in each case? I say the same party wins, compromise or not.

    November 22, 2011 12:29 pm at 12:29 pm |
  19. David

    The solution is simple, let the trigger occur, and then propose new bills to add back middle class tax cuts, military funding increases and proposed other cuts. This will get to the same place without the repubs having to sign off on the richest's tax increase.

    November 22, 2011 12:37 pm at 12:37 pm |
  20. Rick 7809

    Let's state some facts:
    Congress has an approval rating in the single digits.
    Both parties created the mess we are in.
    The majority of Americans want a tax increase on high wage earners.
    The Congress inaction is the cause of millions of dollars of American middle class wealth to go down the tubes.
    In the current silly season of politics, both parties are driven by the far right and left factions.
    The Republicans are pandering to all of their "pledge" organizations. They care more about Party than the public.
    The Democrats are pandering to unions and the far left base. They care more about Party than the public.
    The system is broken, we need term limits, and ALL of the current members of Congress need to go.

    November 22, 2011 12:43 pm at 12:43 pm |
  21. gt

    there was nothing super about these guys and gals.... pathedic ...

    November 22, 2011 12:53 pm at 12:53 pm |
  22. Rudy NYC

    Fair is Fair asked:

    Why isn't Obama following the recommendations that the Simpson-Bowles committee came up with? He set that up, after all.
    ----------–
    This is an easy one.

    Because Republicans rejected the report as a non-starter as soon as it was released. Sure, he could have embraced it. Besides Republicans would have simply labeled Obama a "tax and spend liberal" had he embraced it because the proposals included tax increases.

    November 22, 2011 12:55 pm at 12:55 pm |
  23. Rudy NYC

    AlaskaPalin wrote:

    What next? Democrats up for reelection in 2012; 'you are all fired'! Change the president! 'Obama; in 2012 you are fired'! With a republican president (not myth romney)- the rich will get richer, the middle class will become rich and the poor will become middle class or rich. That's the optimism a republican president will bring. Congress will work again. Sorry to say but obama has become 'the do nothing president'.
    -------------
    You do realize that you just promoted no one for POTUS and no solutions to anything, just a lot of noise.

    November 22, 2011 12:59 pm at 12:59 pm |
  24. Tony

    How about automatic pay cuts for members of Congress anytime they cannot come up with a budget?

    November 22, 2011 01:34 pm at 1:34 pm |
  25. Four and The Door

    The 'supercommittee' was doomed as soon as Obama demanded $1 trillion in new taxes. How's that for 'leadership"?

    And what is ironic is that the same day th is is all coming down, Obama is giving yet anotther tax break for businesses who hire veterans. Out of one side of his mouth he is saying we need to tax the rich more and then on the other side he is giving them huge tax breaks. I like the idea of hiring veterans, but I think Obama takes the flip-flop award for 2011 with that move.

    November 22, 2011 01:37 pm at 1:37 pm |
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