In the notion of the Super Committee a farce?

Discussion in 'Economics' started by nitro, Nov 14, 2011.

Is the Super Committee a joke in intent?

  1. Yes.

    7 vote(s)
  2. No.

    0 vote(s)
  3. I don't know.

    0 vote(s)
  4. I don't care.

    0 vote(s)
  1. nitro


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

    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..."

    If what they decided STUCK for years without the possibility of the decision(s) being revoked, then it might work, imo.
  2. 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.
  3. nitro


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

    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.
  4. 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.
  5. 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.