Entries Tagged as 'JSC'

Super Failure

November 21st, 2011 at 3:32 pm 62 Comments

“Failure is not an option.”

“Well, clinic maybe it is.”

Such sums up the work of the Joint Select Committee on Deficit Reduction (JSC) formed last August with the task of finding $1.2-1.5 trillion in deficit savings during the next decade.

Some sort of cobbled-together semi-deal may emerge from talks Monday afternoon, cialis sale but it will be far from $1.2 trillion in real savings. Worse, JSC’s abject failure leaves Congress with a 45 day period in which to address or postpone serious issues.

Click here to read more

$1.2 Trillion in Cuts Still Avoids Hard Choices

November 15th, 2011 at 3:30 pm 20 Comments

Gloom has descended on the work of the Joint Select Committee on Deficit Reduction (JSC) as the Nov. 23 deadline for its work nears.

As JSC Co-Chair Jeb Hensarling said over the weekend, cheap it has been a roller-coaster ride. Republicans have made offers; Democrats have made offers. Both long-term reform and short-term “kick the canister down the road” proposals have been floated and sunk almost as suddenly as they appeared. A variety of contortions using process and policies emerge and then submerge.

Click here to read more

On Revenues, Republicans Cross their Line in the Sand

November 9th, 2011 at 12:50 am 68 Comments

Well, prostate what do you make of that? It just proves once again that little is new under the sun. Democrat’s message-maker and message enforcer, Sen. Chuck Schumer of New York, took the airwaves almost at the same time that the Joint Select Committee on Deficit Reduction (JSC) members were exchanging serious offers and counter-offers.

Schumer’s message, of course, was that the JSC would fail in its work and that failure was because Republicans just wouldn’t listen to any talk of raising taxes.

Click here to read more

Topics:  ,

America’s Debt Will Get Kicked Down the Road

October 25th, 2011 at 12:00 am 27 Comments

While much of Gucci row wonders what the Joint Select Committee (JSC) will do to their client’s specific interests, shop the more objective analysts seem to be split into three camps—just like they were in mid-August when the JSC was created by the Budget Control Act.

In short, nobody knows what will emerge, not even the 12 members of the JSC.

Click here to read more