Fallout from Super Committee Failure

Hosted by

Perhaps to the surprise of no one, the Super Committee has failed. Republicans and Democrats were supposed to come up with a deficit reduction deal, but in the end Republicans once again refused to substantially raise taxes, preferring instead to cut domestic programs, and Democrats stood by their mantra of achieving deficit reduction goals by balancing new taxes and spending cuts. Both sides are trying to figure out how to deal with the consequences: $1.2 trillion in mandated spending cuts set to take effect in January 2013. Who will bear the brunt of those cuts? Military spending is supposed to face huge cuts, but will legislators and lobbyists let that happen? What about other economic issues on the Congressional agenda? What will happen when voters go to the polls a year from now? Will deficit reduction and bi-partisanship failure be on their minds?




Sara Terry