Super Committee idea won't work
One of the by-products of the debt ceiling debate (debacle) was the formation of a "Super Committee" to present proposals to Congress on how to deal with our deficit. I am not optimistic this committee will succeed.
First, two other committees, Bowles/Simpson and the "Gang of Six" were formed to come up with similar recommendations. What happened with their recommendations? Nothing!
Second, the six Republicans on this Super Committee have signed the Americans for Tax Reform's pledge not to raise taxes. This pledge not only includes tax rate increases, but also closing tax loophol...