Some of my middle-of-the-road columnist friends keep ascribing our difficulties to structural problems in our politics. But the problem we face isn’t about structures or the party system. It’s about ideology.
House Speaker John Boehner said Thursday that the “super committee” on debt reduction should not be considering any sort of tax increases as it attempts to slash the federal deficit by $1.2 trillion. (more)
Senate Democratic leader Harry Reid and Senate and House Republican leaders have announced their selections for the deficit-reduction “super committee.” The 12-person council will attempt to cut about $1.5 trillion in federal spending over the next decade. (more)
Still foggy on the basics of this week’s debt and deficit deal? The Guardian has published a no-nonsense guide explaining the meaning and function of the congressional “super committee,” the “trigger,” the “balanced budget amendment” and more, including the deal’s potential future.