সোমবার, ২১ নভেম্বর, ২০১১

The Supercommittee Failed. Hooray!

For starters, the whole premise of the Supercommittee was that if it didn?t agree on something, then $1.2 trillion of spending cuts would be quasi-automatically implemented through a mechanism known as ?sequestration.? The cuts are balanced 50-50 between the security and nonsecurity sides of the budget. And while they?re hardly irreversible, neither is anything else in American law. It?s not possible for Congress to metaphysically commit future Congresses to future courses of action. But what Congress did to resolve the debt-ceiling standoff was to change the default rule. The $1.2 trillion in cuts will happen unless Congress and the president act affirmatively to stop them from happening. In an American political system bogged down by bicameralism, the filibuster, and the presidential veto, the default rules matter a great deal. So if it?s $1.2 trillion in spending cuts you want, then $1.2 trillion in cuts were already put on the schedule by the debt-ceiling deal. That the supercommittee didn?t agree on an alternative to the cuts doesn?t make it any more (or less) likely that the full Congress will somehow repeal them.

Source: http://feeds.slate.com/click.phdo?i=cc9209c065b30e8f83b1739d71b3c4b7

larry ellison go ask alice go ask alice nflx john mccarthy john mccarthy lumpectomy

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