Boehner Proposes ‘Super Committee’ To End Standoff That Could Only Consider More Spending Cuts
By Igor Volsky
But there is just one catch: the 20-member ‘‘Bicameral Working Group on Deficit Reduction and Economic Growth,’’ composed equally of 10 Congressmen and 10 Senators, won’t consider new revenues in devising ways to reduce the deficit. To move the country out ofits current economic morass, the working group can only recommend spending cuts:
But since 2011, lawmakers have agreed to $2.4 trillion in deficit reduction — 72 percent of which has come through spending cuts.
Indeed, this unbalanced approach to deficit reduction sank the super committee established under the Budget Control Act and it’s a likely to doom this new effort. Under the terms of the working group, any plan can only pass with the support of a majority of both House and Senate members, meaning that Republican House members or Democratic Senators can single-handedly block any measure.
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