The Supercommittee's Brilliant Plan to Punt Yet Again
Jim Newell · 11/14/11 04:11PM
Here's a brief guide to congressional debt politics in 2011: In the debt ceiling deal, $1 trillion in spending cuts (or caps on future spending, mostly) was made, while punting at least $1.2 trillion in additional savings to be determined by a supercommittee, later. The supercommitee, now, is considering this brave solution as its deadline nears: Making trillions in additional spending cuts, while punting decisions on additional tax revenue to be determined by congressional finance committees, later.