Call me what that happens.
Posted on 09/04/2011 4:13:26 PM PDT by SeekAndFind
Whatever you think of Standard and Poor’s decision to downgrade America’s credit, their justification was fairly plain. Political gridlock has managed to scuttle several successive efforts to get a handle on the federal debt. And few, if anyone, is sanguine that the new “supercommittee” in Congress will have any better luck.
But a closer look reveals that, despite the nation’s pessimism, there are several reasons to believe that the 12-member supercommittee may be able to implement a plan that sets the nation back on track. The setup has been rigged to force a deal. So, in an age where “shorting” the market has become a sort of dirty word, the smart money may be in betting that Washington will enact a responsible comprehensive budget framework by the end of the year
First, the dynamics of the committee itself suggest that that building sufficient support in the room will be that much more palatable. Negotiators need only corral seven of the twelve members (50 percent plus one) to send any deal straight to the floor of both houses of Congress. By comparison, the Bowles-Simpson Fiscal Commission was required to receive a full 77 percent, and managed only 61. In essence, the fact that a decision by any single member could boost any proposal past the required threshold will compel every member of the commission to negotiate in a serious manner. That diminishes the likelihood that political shenanigans will scuttle this deal like they have undermined previous negotiations.
Second, the supercommittee doesn’t have to start from scratch. Several proposals already developed–the Fiscal Commission, the Gang of Six, the Rivlin-Domenici plan, and the Obama-Boehner discussions—have already outlined the parameters of what might be in a grand bargain. As a result, most members of the supercommittee understand where the tradeoffs can be made.
(Excerpt) Read more at realclearpolitics.com ...
In other words, we are fraked and will be beyond fraked when they are finished, Mr. Weinstein?
believe that when i see it.
How odd. Your comment ended up as a ping to me. I wonder how that happened, lol!
Unconstitutional.
a) a decision by any single member could boost any proposal past the required threshold
b) [therefore compelling] every member of the commission to negotiate in a serious manner.
c) That diminishes the likelihood that political shenanigans will scuttle this deal
Sorry; c does not follow from b, and b does not follow from a.
Utter nonsense. The Dems had the Presidency and both houses, and would not even pass a budget. It is not political gridlock that is preventing getting a handle on the debt, it is the MSM blasting the Republicans anytime they try to do so.
>> I wonder how that happened
bcc (”blind carbon ping”)
YOU ARE RIGHT ON!
Here is what it violates;
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
I set my congressman right smack on his ass about this. I asked. “Congressman, who do we redress our grievances to and since you are our voice and represent us in congress, who do we petition since no bill coming from that committee can be amended?” “So therefore, you voted to take away our rights to petition to amend and redress of grievances.”
He had no answer.
They created an Oligarchy..not that we didnt have one before...
‘puter ricochet.
Unconstitutional.
And delusional.
I Love these Friday Silliness threads!
Succeed at what? Mothballing 3 Aircraft Carriers and reducing the Army/Marines by 100K men? Gutting the military retirement system and screwing those recently retired? These are going to be some “interesting times” and not in a good way either.
There should be no supercommittee. Congress simply lacks the nads and the integrity to make the right and hard decisions. It’s not constitutional and sets a bad precedent.
Translation: Taxes out the wazoo, and not one cent of spending cuts.
Other than imaginary spending cuts fifty years from now.
It is a disgrace that the GOP agreed to it.
Perfectly Constitutional. Article I, Section 5 allows Congress to make whatever rules they please for conducting business. As long as they hold a vote at the end of it all, it’s legal. But that doesn’t make it a good idea.
Call me what that happens.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.