So, the programmed-to-fail Stuporcommittee has done just that and couldn’t agree on a deficit-lowering plan. Now there’s the prospect that the federal budget (defense and domestic programs) will be automatically (and equally) cut by $1.2 trillion over the next 10 years.
As a result, aren’t we reminded on a daily basis how much better off we would be had somebody–including the White House–actually been politically receptive to the National Commission on Fiscal Responsibility and Reform co-chaired by former Sen. Alan Simpson (R-Wyo.) and former Clinton chief of staff Erskine Bowles? It actually took on all the big-dollar, third-rail issues that polarize and paralyze Washington.