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News Link • Government Debt & Financing

Gang of Twelve Becomes Normal Intra-Leadership Negotiation Process

• David Dayen , FDL
[The "Super Committee"  is just another Congressional scam.]
A lot of media outlets have marveled at the ability of the Catfood Commission II to go about their business in private without leaks. That could be because they have achieved virtually nothing in terms of output, so there’s nothing really to leak. All indications are that the Republicans on the panel remain dug in on taxes, and the Democrats remain unwilling to move anything that doesn’t include a fig leaf on taxes. So we’ve reached this absurd point in the process, where the Catfood Commission has in effect dissolved, and the business of reaching agreement has again fell to the Congressional leadership, which did such a bang-up job reaching a resolution during the debt limit debate.

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