Human
Events...
Super
Committee Throws in the Cape
by Audrey Hudson
11/21/2011
The
high stakes game on Capitol Hill
to cut $1.2 trillion from the federal deficit ended in a stalemate
Monday,
effectively suspending tough decisions on budget cuts or tax increases
until
after next year’s presidential election.
The
Joint Select Committee on Deficit
Reduction chaired by Sen. Patty Murray (D.–Wash.) and Rep. Jeb
Hensarling
(R.–Texas) made the announcement in a joint statement with two days
remaining
before the deadline to present a plan to Congress.
“After
months of hard work and intense
deliberations, we have come to the conclusion today that it will not be
possible to make any bipartisan agreement available to the public
before the
committee’s deadline,” the co-chairs said.
The
bicameral panel was formed as part
of the agreement to raise the debt ceiling in August. But after four
hearings
on the history of debt, spending and tax reform options, plus numerous
meetings
held behind closed doors, the committee admitted defeat and went home
for the
Thanksgiving holiday.
“We
are deeply disappointed that we
have been unable to come to a bipartisan deficit reduction agreement,
but as we
approach the uniquely American holiday of Thanksgiving, we want to
express our
appreciation to every member of this committee, each of whom came into
the
process committed to achieving a solution that has eluded many groups
before
us,” the co-chairs said.
The
committee’s failure to propose a
deficit plan triggers automatic cuts in defense, domestic spending and
Medicare
beginning in 2013, but dragging the anchor gives both sides time to
defend, and
pass new legislation to bypass those cuts.
Before
the committee formally
announced its failure less than an hour after the U.S. markets closed,
Republicans signaled they would block efforts to reduce Pentagon
spending,
targeted to receive cuts over the next ten years by more than $400
billion.
Democrats say they too will have to decide whether or not they can live
with
the cuts which call for an 8% cuts for domestic programs and 2% of
Medicare.
President
Barack Obama, who returned
to the White House earlier in the day from a nine-day trip to Hawaii
and Bali,
said he would veto any effort to bypass the automatic spending cuts.
“There
will be no easy off-ramps on
this one,” Obama said.
Democrats
and Republicans blamed each
other for the failure of the panel to make any recommendation.
In
statements issued to the press,
Republicans blamed Democrats for not agreeing to any spending cuts to
reduce
the deficit.
“In
the end, an agreement proved
impossible not because Republicans were unwilling to compromise, but
because
Democrats would not accept any proposal that did not expand the size
and scope
of government or punish job creators,” said Senate Minority Leader
Mitch
McConnell (R.–Ky.).
Democrat
leaders Tweeted to their
followers that Republican lawmakers were at fault for balking at tax
increases,
but also blamed the Tea Party and Grover Norquist, the president of
Americans
for Tax Reform and the leading Beltway opponent of new taxes.
“I’m
disappointed that Rs never found
the courage to ignore Tea Party extremists & millionaire
lobbyists like
Grover Norquist,” Tweeted Senate Majority Leader Harry Reid (D. –Nev.).
“Moving
fwd, I hope the fear of the Tea Party & millionaire lobbyists
like Grover
Norquist will not prevent Rs from forging compromises w/Ds.”
Added
House Minority Leader Nancy
Pelosi in a Tweet: “GOP rejected a balanced plan & chose to
keep their
pledge to Norquist to protect wealthiest 1% at all costs.”
House
Speaker John Boehner said he too
was disappointed at the outcome, but praised Democrat and Republican
committee
members and said “I am confident the work done by this committee will
play a
role in the solution we must eventually find as a nation.”
Some
Republicans were critical of all
lawmakers on Capitol Hill, and Rep. Tim Scott (R.–S.C.) said the
committee and
its goals were destined to fail.
“While
I am disappointed in today’s
announcement, the failure of the Super Committee comes as no surprise.
I voted
against this arrangement from the beginning, as it was unrealistic to
believe a
group a 12 members could solve our problems when 535 could not,” Scott
said.
Sen.
Bob Corker (R.-Tenn.) called the
end result “nothing short of an embarrassment” and “an absolute
national
disgrace and failure of leadership” that the committee could not “agree
on a
paltry $1.2 trillion in deficit reduction.”
Rep.
Allen West (R.-Fla.) called the
abrupt conclusion a “sad indictment” on all members of Congress” and
citing the
failure in the House last week to pass a balanced budget amendment,
said “we as
a collective body are pathetic.”
Rep.
Chip Cravaack (R.–Minn.) summed
it up as “yet another outrageous failure by Washington to set aside
partisan
bickering for the well being of our great nation.”
However,
Sen. Rob Portman (R.–Ohio),
one of the committee members, said Republicans worked in good faith to
find
common ground and offered up new revenues through tax code reforms but
Democrats wanted more than a trillion dollars in tax increases and more
stimulus spending.
“We
failed to reach agreement because,
despite good intentions on both sides, we simply couldn’t bridge
fundamental
policy differences that reflect a broader disagreement in the Congress
and
country as a whole over the size and scope of government,” Portman said.
Sen.
Pat Toomey (R.–Pa.) said the
committee wasted an “extraordinary opportunity” to pay down on the
deficit by
reforming the tax system, specifically, his proposal.
“I
am saddened and disappointed that
we were unable to meet our goal when so many Americans were counting on
us,”
Toomey said. “Like the proposals offered by other bipartisan
commissions, our
proposal offered a mix of spending cuts, revenue, and job-creating tax
reform
that would have lowered tax rates for all Americans and reduced our
deficit by
$1.2 trillion. Unfortunately, our Democratic colleagues refused to
agree to any
meaningful deficit reduction without $1 trillion in job-crushing tax
increases.”
Rep.
Fred Upton (R.–Mich.), who also
served on the committee, said the panel “faced steep odds” and that he
was
“bitterly disappointed” they could not reach an agreement, but that
“America’s
fiscal challenges did not appear overnight, and finding solutions will
take
time and require tough choices.”
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