http://www.alternet.org/economy/151993/the_%27super_congress%27_is_a_scam_designed_to_force_cuts_to_popular_programs_and_keep_taxes_on_the_rich_lowThe 'Super Congress' Is a Scam Designed to Force Cuts To Popular Programs and Keep Taxes On The Rich LowIgnore all the process stories about the vaunted Gang of 12 -- here's how the endgame plays out.Alternet / By Joshua Holland
August 11, 2011
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It's a Set-UpHere's how the deal was supposed to play out, according to the White House: Congress cut around $1 trillion in spending over the next 10 years as a “down payment” on a larger package in exchange for raising the debt limit through the 2012 election. The Gang of 12 is then supposed to come up with at least another $1.2 trillion in debt reduction through a mix of additional cuts – possibly to include cuts to Medicare and Social Security – and revenue increases. If seven members vote on a package along those lines, it will get an automatic up-or-down vote in both chambers of Congress – amendments won't be allowed.
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The Democrats would have yet more leverage, they said, because the trigger would kick in at the same time as the Bush tax cuts are set to expire, which in theory would allow Obama to raise taxes on the wealthiest Americans if the Gang of 12 comes up with a deal that isn't “balanced.”
It's an interesting legislative story, but none of it is going to happen.
Designed to FailThe “super congress” that emerged from the deal offered a way to kick what had been an unbridgeable divide down the road a ways, but it doesn't alter the contours of the debate. While some Republicans have indicated that they might support closing a few loopholes to raise revenues, the party as a whole remains committed to their no-tax pledge. Democrats – especially House Democrats – have repeated that we need a “balanced” approach to cutting debt like a mantra. They've signaled they would be willing to accept some cuts to Social Security and Medicare, but not cuts sufficiently deep to entice enough GOP support for a package with new revenues.
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