Congress may try blocking cuts if debt panel fails

Nov 21, 2011 | Posted by: roboblogger | Full story: The Kansas City Star

Failure by Congress' debt-cutting supercommittee to recommend $1.2 trillion in savings by Wednesday is supposed to automatically trigger spending cuts in the same amount to accomplish that job.But the same legislators who concocted that budgetary booby trap just four months ago could end up spending the 2012 election year and beyond battling over ... (more)

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1 - 20 of 123 Comments Last updated Nov 28, 2011
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Since: May 08

Deltona Fla

#2 Nov 21, 2011
When the Republicans agreed to cuts they thought it would only be to Democratic programs.

Since: May 08

Deltona Fla

#3 Nov 21, 2011
The Republican idea of a balanced budget is for every dollar of increased spending for Republican programs they want to cut a dollar of spending from Democratic programs.
true

Charlottesville, VA

#4 Nov 21, 2011
swampmudd wrote:
When the Republicans agreed to cuts they thought it would only be to Democratic programs.
That would still be better than spending it on acorn, welfare,obaaama vacations, and illegal aliens
discount wife

B M Goldwater A F Range, AZ

#5 Nov 21, 2011
411 comissssso again! ;)
realist

Greensboro, NC

#6 Nov 21, 2011
Don't worry, we eventually will all be equal. The american pie is getting smaller and smaller as the slices are getting bigger and bigger. The bakers are not trained and the ingredients are becoming scarcer and scarcer as the fields go barren and the trees go unpicked.
This is not going to be pleasant to watch as the dependent population exceeds the productive population.
true

Charlottesville, VA

#7 Nov 21, 2011
Dont worry people congress wont block any raises for themselves
Bob Orwel

B M Goldwater A F Range, AZ

#8 Nov 21, 2011
just anothe Day in topix!!! ;)
Bob Orwel

B M Goldwater A F Range, AZ

#9 Nov 21, 2011
swampmudd wrote:
When the Republicans agreed to cuts they thought it would only be to Democratic programs.
Obamacare or Mittea! ;-000000
conservative crapola

Reading, PA

#10 Nov 21, 2011
Pat Toomey....failure.

Since: May 11

Ballwin, MO

#11 Nov 21, 2011
swampmudd wrote:
When the Republicans agreed to cuts they thought it would only be to Democratic programs.
Yes, it's ALL the mean, mean republican's fault.
Moron.

Since: Oct 08

Alpharetta, GA

#12 Nov 21, 2011
Cutting Michelle's travel budget would help lower the deficit.

“i hope we can change this!”

Since: Aug 08

usa

#13 Nov 21, 2011
conservative crapola wrote:
Pat Toomey....failure.
john kerry...TOTAL failure.

Since: May 08

Deltona Fla

#14 Nov 21, 2011
horacegreeley wrote:
<quoted text>
Yes, it's ALL the mean, mean republican's fault.
Moron.
The Republicans don't want a leader. They want a proxy to do the bidding for the Koch Brothers.

“your life is great”

Since: Aug 09

you poop in clean water

#16 Nov 21, 2011
the same legislators who concocted that budgetary booby trap just four months ago could end up spending the 2012 election year and beyond battling over defusing it.
.
On the domestic side, the law exempts Social Security, Medicaid and many veterans' benefits and low-income programs. It also limits Medicare to a 2 percent reduction.
.
By law, 18 percent of the automatic savings are assumed to come from interest costs the government would save from reducing the debt. If the supercommittee fails completely, out of the $1.2 trillion in automatic savings,$216 billion would be assumed interest savings.
That would leave $984 billion in automatic spending cuts. They are supposed to start in 2013 and be spread evenly over the next nine years, divided equally between defense and domestic programs. That works out to around $55 billion annually each from defense and domestic programs.
.
=====
18%?????
did we borrow this money from AMEX or something?
.
there are a few articles out there citing economists that have realized that "doing nothing", and allowing all these automatic triggers to happen might actually be in the countries best interest.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#17 Nov 21, 2011
As predicted the super-duper-pooper-scooper committe has failed, and now the Congress will try to block any "automatic cuts". Gee, never say that coming in an election year........
Regular Guy

Denver, CO

#19 Nov 21, 2011
I know that "analysts" like Krugman said that failure was good here, but that is dead wrong. Not only does it undermine confidence in the markets here and worldwide, the cuts to defense are tremendous and even Panetta has said that we will be basically disabled by them overseas. The art of the deal is dead. Democrats would rather pay for the guy across the street from me to have 6 six kids and a big SUV and be on food stamps and Medicaid and SS Disability while he rides his Harley all over than defend our country. They need to create an even bigger welfare class they can control. Republicans refuse to admit that if they let us tax the millionaires just a little bit more they could justify fighting to make EVERYONE in this country have some responsibility for these changing times. Morons, the lot of them. Spain just booted their Socialist gov't this week along with several other countries- we are headed in the wrong direction in this country.

Since: Sep 08

Placitas, NM

#20 Nov 21, 2011
Senator Kerry accurately call it this morning:

"We Democrats put a $4 trillion dollar plan on the table. We had $1.3 trillion of cuts, and we had $1.3 trillion in revenue. Now, some of that revenue, we’re not asking that to happen tomorrow or the next day, it could happen in a year. This is a ten-year plan and longer. So we have the ability hear to do something that’s fair for all Americans...

"Unfortunately, this thing about the Bush tax cuts and the pledge to Grover Norquist keeps coming up.

GROVER NORQUIST HAS BEEN THE 13TH MEMBER OF THIS COMMITTEE WITHOUT BEING THERE...."

Fortunately, "Despite Norquist’s desire to “crush the other team,” it seems that more and more members of his own team are starting to agree with Kerry. GOP Rep. Mike Simpson (ID) said regarding Norquist’s anti-tax pledge,“I didn’t know I was signing a marriage agreement.”

Rep. Frank Wolf (R-VA) blasted Norquist for “paralyzing Congress.”

Freshman Rep. Reid Ribble (R-WI) vowed to never sign another pledge, noting the last straw came when Norquist wouldn’t let Republicans close tax loopholes that subsidize ethanol production.

Former GOP Sen. Alan Simpson simply said,“If Grover Norquist is the most powerful person in America, he should run for president” rather than peddle his influence backstage.

Video and more: http://thinkprogress.org/economy/2011/11/21/3...
clueless

Cleveland, OH

#21 Nov 21, 2011
WeTheSheeple wrote:
As predicted the super-duper-pooper-scooper committe has failed, and now the Congress will try to block any "automatic cuts". Gee, never say that coming in an election year........
The time is here to down size the whole GOVERMENT thing. I am tired of seeing all these ties walking around doing nothing at all. All they want to do is pass the buck to the working class and save all the raises and perks for themselfs. I say it is time to tell them that there are too many trying to come up with nothing . I for one would not feel bad to see say 75% of them go, see how they like it on the other side of the 8 ball for a while ......
Unbelievable

United States

#22 Nov 21, 2011
PlacitasRoy wrote:
Senator Kerry accurately call it this morning:
"We Democrats put a $4 trillion dollar plan on the table. We had $1.3 trillion of cuts, and we had $1.3 trillion in revenue. Now, some of that revenue, we’re not asking that to happen tomorrow or the next day, it could happen in a year. This is a ten-year plan and longer. So we have the ability hear to do something that’s fair for all Americans...
"Unfortunately, this thing about the Bush tax cuts and the pledge to Grover Norquist keeps coming up.
GROVER NORQUIST HAS BEEN THE 13TH MEMBER OF THIS COMMITTEE WITHOUT BEING THERE...."
Fortunately, "Despite Norquist’s desire to “crush the other team,” it seems that more and more members of his own team are starting to agree with Kerry. GOP Rep. Mike Simpson (ID) said regarding Norquist’s anti-tax pledge,“I didn’t know I was signing a marriage agreement.”
Rep. Frank Wolf (R-VA) blasted Norquist for “paralyzing Congress.”
Freshman Rep. Reid Ribble (R-WI) vowed to never sign another pledge, noting the last straw came when Norquist wouldn’t let Republicans close tax loopholes that subsidize ethanol production.
Former GOP Sen. Alan Simpson simply said,“If Grover Norquist is the most powerful person in America, he should run for president” rather than peddle his influence backstage.
Video and more: http://thinkprogress.org/economy/2011/11/21/3...
Must be a government education...

$4 trillion plan

$1.3 trillion in cuts
$1.3 trillion in new revenue

Only in a public education could that equal $4 trillion!

Since: Nov 08

Paris

#23 Nov 21, 2011
swampmudd wrote:
When the Republicans agreed to cuts they thought it would only be to Democratic programs.
Dem Pollsters: Obama should abandon campaign, hand party reins to Hillary...

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