On August 2, 2011, in response to congressional deadlock over a debt-ceiling limitation, the United States enacted the Budget Control Act of 2011, establishing, among other things, the Joint Select Committee on Deficit Reduction, commonly referred to as the Supercommittee. This committee is charged with issuing recommendations by November 23, 2011, to reduce the nation’s deficit by no less than $1.5 trillion over a ten-year period.
The Supercommittee consists of twelve members, all appointed by the leaders of the two major political parties. To ensure perfect partisan balance, there are three members each of Republican and Democratic senators, and a like number each of Republican and Democratic members of the House of Representatives.
As of this writing, three days before the recommendations deadline, nothing but partisan dogma and illusive accusations have emanated from its members. There is no sign mutually agreeable suggestions will appear, and I suspect this was intended by its founders from the start. It’s my belief the Supercommittee does not exist to develop a sensible debt-reduction plan, but rather to act as a public distraction while the members of congress contrive among themselves quietly to further rig the system to favor their natural constituency groups.
Another matter, relating to the assigned task of the Supercommittee, deserves consideration: Reduction of the national deficit by “no less than $1.5 trillion over a ten-year period,” or an average of $150 billion per year. Is this meaningful, considering the most recent estimate by the Congressional Budget Office of a $1.3 trillion deficit for 2011 fiscal year? Thus, a yearly $150 billion savings represents only 11.5% of the total deficit. This doesn’t deserve the hyperbole it receives.
I’ll conclude with an analogy. The Supercommittee, which will soon be but a memory, brings to mind a tale from the 1960’s. It too involved a proposal to form a committee to resolve various social problems gripping America at the time. In keeping with attitudes then prevalent, composition of the committee mandated diversity. A specious suggestion called for eight members to be selected, consisting of one person each from the following groups: a religious fanatic, a hardcore atheist, a grand wizard of the Ku Klux Klan, a member of the Black Panthers, a bomb-throwing anarchist, a representative of the Daughters of the American Revolution, a card-carrying member of MENSA, and an inmate from a nearby insane asylum. The instructions under which this committee would function: “Come and let us reason together.”