Super Failure

“Failure is not an option.” “Well, maybe it is.” Such sums up the work of the Joint Select Committee on Deficit Reduction (JSC) formed last August with the task of finding $1.2-1.5 trillion in deficit savings during the next decade. Some sort of cobbled-together semi-deal may emerge from …

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Written by Steve Bell on Monday November 21, 2011

$1.2 Trillion in Cuts Still Avoids Hard Choices

Gloom has descended on the work of the Joint Select Committee on Deficit Reduction (JSC) as the Nov. 23 deadline for its work nears. As JSC Co-Chair Jeb Hensarling said over the weekend, it has been a roller-coaster ride. Republicans have made offers; Democrats have made offers. Both long-term …

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Written by Steve Bell on Tuesday November 15, 2011

On Revenues, Republicans Cross their Line in the Sand

Well, what do you make of that? It just proves once again that little is new under the sun. Democrat’s message-maker and message enforcer, Sen. Chuck Schumer of New York, took the airwaves almost at the same time that the Joint Select Committee on Deficit Reduction (JSC) members were exchanging …

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Written by Steve Bell on Wednesday November 9, 2011

America's Debt Will Get Kicked Down the Road

While much of Gucci row wonders what the Joint Select Committee (JSC) will do to their client’s specific interests, the more objective analysts seem to be split into three camps—just like they were in mid-August when the JSC was created by the Budget Control Act. In short, nobody knows what …

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Written by Steve Bell on Tuesday October 25, 2011