Submitted by Gene Howington, Guest Blogger
A recent development in Congress is the creation of the so-called “Super Congress”; a bi-partisan committee tasked with recommending steps to reduce federal budget deficits by at least $1.5 trillion over 10 years. Like most committees, the Super Congress has to submit its recommendations to the rest of Congress for consideration. Unlike most committees, the Super Congress has a loaded back-end provision that will institute automatic military and domestic (read Social Security/Medicare/Medicaid) spending cuts in 2013 that neither side wants will be triggered. This would seem to give the committee some incentives to find viable solutions. But does it really?







