Nov
16

Stupor Committee

With barely a week before the deficit reduction panel must make its recommendations to Congress, and with little hope of success, bank on the goalposts being moved! If the Panel totally fails, expect Congress to pass a law canceling the $600 billion cuts in both defense and social programs. And, if the Panel passes something short of $1.2 trillion, expect Congress to declare victory and then delay the hard choices till ’13.

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