Thursday, August 11, 2011
The picks for the super-committee to cut the country's budget are looking already like the committee is dead on arrival. Both sides are sending messages rather than trying to find a way to reduce the deficit. Look for a standoff that results in automatic across-the-board reductions. It would be good if the two sides could come together and find a path to bipartisanship, but there is little hope of that. Each side has too many vested interests plus an upcoming election next year. The positive message would be hard work and intense negotiation with give on both sides that produces an optimal solution. In other words, real progress and not sound bites. The only way that can be done realistically is behind closed doors without the media looking on. This is one of those times when transparency sows confusion and instant opposition. It will be interesting to see how the committee unfolds, but there isn't much room for hope or change.