The so-called "super panel" that will supposedly meet, come up with a solution to the country’s massive debt problem, and then have their suggestions put to a vote is starting to take shape more and more as of yesterday evening. The panel, officially known as the Joint Select Committee on deficit Reduction, will seek to find $1.5 trillion in budget savings over the next 10 years. While it’s likely that the panel will come up with something to save that much, one question is whether it will actually be enough. Government spending has gone awry over the past decade, and politicians seem absolutely addicted to it.
Yesterday, the six Republican members that will sit on the 12-member panel were named, with House Speaker John Boehner appointing Representatives Dave Camp, Jeb Hensarling and Fred Upton, while in the Senate Mitch McConnell chose Jon Kyl, Rob Portman and Patrick Toomey. Said McConnell when making his selections, "All three of these nominees understand the gravity of our situation and all three will bring the kind of responsibility, creativity and thoughtfulness that the moment requires."
The first three members named to the panel – Senate Democrats Max Baucus, John Kerry and Patty Murray, will be joined by three Democratic members of the House after Nancy Pelosi makes her choices. Speaking of the massive U.S. debt, Boehner said, "Our debt and deficits are a threat to our economy, and America cannot achieve long-term job growth until we take action to address this crisis. This joint committee presents an opportunity for both parties to bring to the table their best ideas, debate them on the merits, and ultimately come together to do what's best for our country."
Yesterday, the six Republican members that will sit on the 12-member panel were named, with House Speaker John Boehner appointing Representatives Dave Camp, Jeb Hensarling and Fred Upton, while in the Senate Mitch McConnell chose Jon Kyl, Rob Portman and Patrick Toomey. Said McConnell when making his selections, "All three of these nominees understand the gravity of our situation and all three will bring the kind of responsibility, creativity and thoughtfulness that the moment requires."
The first three members named to the panel – Senate Democrats Max Baucus, John Kerry and Patty Murray, will be joined by three Democratic members of the House after Nancy Pelosi makes her choices. Speaking of the massive U.S. debt, Boehner said, "Our debt and deficits are a threat to our economy, and America cannot achieve long-term job growth until we take action to address this crisis. This joint committee presents an opportunity for both parties to bring to the table their best ideas, debate them on the merits, and ultimately come together to do what's best for our country."
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