Last Monday, on November 21, the congressional “Super Committee” announced that it had failed in reaching its objective – to find $1.2 trillion in spending cuts over the coming years. It all started 6 months ago, when Congress refused to raise America’s borrowing limit without spending cuts. “After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline,” said the Super Committee’s two leaders. The committee is made up of 6 republicans and 6 democrats, and was established so that we could escape a default and we could have hope to stabilize the budget.
This committee has had months to come up with some kind of plan, complete with closed-door meetings and secret discussions, but nothing has come of it. Some people say that we were really close to reaching a deal, others say that we were nowhere near reaching a deal. But, all things considered, one fact is clear: The Super Committee failed. And it’s true: if you truly believe in something, you won’t and shouldn’t compromise. What good is it if you only get 50% of what you want? The super committee should have been made up of 12 independents if that’s what would have happened! But it didn’t. And we’re still left with a 15 trillion dollar debt.