In the notion of the Super Committee a farce?

[nitro]

"Super Committee Deficit Cut 'Failure' Would Sting Stocks"

http://www.cnbc.com/id/45288824

I don't even understand what the point is, as anything that they put into "law" can be overturned in congress. A complete sham.

"...And there is the prospect that a future Congress could override any decisions made since one Congress cannot "bind another..."

http://en.wikipedia.org/wiki/United_States_Congress_Joint_Select_Committee_on_Deficit_Reduction

If what they decided STUCK for years without the possibility of the decision(s) being revoked, then it might work, imo.

 

[nutmeg]

Imo, there's a very interesting point to a super committee - no independents allowed. It's matters like these where an independent is at an extreme disadvantage regarding a two party system.

 

[nitro]

"On Brink of Failure, U.S. Debt Committee Says It's Gridlocked"

http://www.cnbc.com/id/45375696

I still don't get it. $1.2 Trillion over ten years is a joke. $5T, now we are talking. To me, government is in a perpetually locked negative feedback loop, the culmination of a voting public that thought locking government meant they couldn't mess anything up. Perhaps, but now they can do no good either.

When things are going "well", a locked government is a bad thing, but you can take alternate routes and everyone mostly just complains but attributes it to "politics". When things are bad, it is poisonous.

 

[oldtime]

well, lets just hope they do nothing and the "defense" budget is draconianly (code word for not increasing spending as much as you promised) cut, since I think it is a waste of money anyway.

Cut defense, legalize pot. If the world as we know it disinigrates into chaos, well, them I am very wrong.

So, the super commitee is only a farce if they come up with some idea.

 

[nitro]

It is useful to enumerate the possible states that two of the three legislative bodies can take:

Democratic President / Democratic Congress
Democratic President / Republican Congress
Republican President / Democratic Congress
Republican President / Republican Congress
Independent President / Democratic Congress
Independent President / Republican Congress

Of those six, it would be interesting to see which pair made the most sense.