Super Committee "Failure" Is Anything But

On Monday evening (Nov. 21), the Super Committee formally announced that it was unable to reach an agreement for reducing the federal deficit by $1.2 trillion. While others are decrying the lack of agreement by the Super Committee and calling it a failure, we at OMB Watch believe that each of us should, instead, be relieved.

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Latest Super Committee Proposals Steer Clear of Fiscal Responsibility

Members of the Super Committee appear as far apart as ever when it comes to agreeing to a deal that would reduce the deficit by $1.2 trillion over the next ten years and the latest offer from some Democrats on the committee indicates that if a deal does actually win approval, it will be deeply irresponsible. A deal of this sort would maintain current inequities in the tax code while slashing funding for public protections and health care programs that are vital to working families and retirees.

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Deal or No Deal: The False Choice of the Super Committee

The so-called “Super Committee,” charged with creating a $1.2 trillion deficit reduction plan by Thanksgiving, seems to be stalling. If the committee cannot agree to a deal, or if Congress doesn't approve of the plan that the committee produces, the debt ceiling package that passed in August will trigger almost a trillion dollars in automatic spending cuts to both defense and non-defense spending. Congress as a whole appears to be waffling between voting for a deficit reduction plan that many constituents will find unpalatable or allowing the automatic cuts to proceed, which will also make voters unhappy. However, this problem presents a false choice because there is another option: Congress could vote to select "none of the above."

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Public Meetings of Super Committee Few and Far Between

It's been 48 days since the Super Committee's last public meeting on Sept. 8 (and over a month passed between the Super Committee's second and third public hearings). For those of us who have been watching the Super Committee since day one, eagerly awaiting information on the specifics of its proposal for cutting $1.5 trillion dollars from the federal deficit, 48 days of radio silence not only has us on edge, it also has us questioning the Super Committee's commitment to transparency and the democratic process.

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Debt Ceiling Deal Erodes Public Protections, Government Services

The debt ceiling deal signed into law Aug. 2 will remake the federal budget process in the years to come. The procedures put in place by the new law are complex, and the final budgetary outcome will depend on a variety of factors. With $841 billion in immediate budget cuts, and with up to $2.5 trillion in total deficit reduction over the next 10 years, the law, known as the Budget Control Act (BCA), will have a profound effect on everything from public and environmental protections to education to federal information transparency.

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Democracy Demands High Level of Super Committee Transparency

During the past week, leaders of the House and Senate announced the members of the debt ceiling deal's Super Committee. Now, all eyes are turning to the committee's co-chairs, Sen. Patty Murray (D-WA) and Rep. Jeb Hensarling (R-TX), to see if they will institute basic transparency standards that many within and outside government are calling for. With so much decision making power concentrated in the hands of just 12 members of Congress, the country deserves the maximum possible level of transparency in the committee's operations.

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First Glance at the Super Committee

As per the debt ceiling deal, the Budget Control Act of 2011, a 12-member special joint committee is to be created to produce legislation that will cut the deficit by $1.5 trilliion. The majority and minority leadership of both houses are tasked with selecting three members each to sit on this so-called Super Committte. Sen. McConnell (R-KY), Sen. Reid (D-NV), and Speaker Boehner (R-OH) made their appointments earlier this week, and by making her appointments today, Rep. Nancy Pelosi (D-CA) rounds out the Super Committee roster.

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Frequently Asked Questions on the Debt Ceiling Deal

As you might have heard, last week Congress finally negotiated an end to the debt ceiling crisis. The basics of the deal are well-known: Republicans agreed to raise the debt ceiling through the next election in exchange for significant spending cuts. But how does the deal actually work? Our new FAQ should help you understand the details behind the deal.

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