From THE HILL:
Congressional leaders have until Aug. 16 to name the 12 members of the newly created “supercommittee” to deal with reducing the deficit, but special interest groups are wasting no time in pushing their choices for the panel.
The debt-ceiling-increase legislation enacted Tuesday created a bicameral, joint committee of 12 legislators charged with finding at least $1.2 trillion in deficit cuts by Nov. 23.
Failure to come up with a plan will result in deep automatic defense and Medicare cuts.
One wrong pick, lobbyists on the right and left said Wednesday, could swing the panel toward a terrible compromise. So they are not taking chances.
These sources are already urging leaders to pick top lieutenants who will stick to party positions — no entitlement cuts for Democrats and no tax increases for Republicans.
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Filed under Congress, Democrats, humor, Joe Biden, John Boehner, Mike Crapo, Mitch McConnell, movies, Nancy Pelosi, Orrin Hatch, parody, politics, Republicans, Senate, snark, Tom Coburn, Wordpress Political Blogs
You know Neil Cavuto right? He’s the head of “business news” at the Fox “News” Channel and at the Fox” Business” Network.
Here’s what he had to say about the financial crisis when discussing it with Rep. Xavier Becerra (D-CA):
Did you warn or express concern about any things that happened? I’m not saying that one or the other is beyond blame, I’m just saying I don’t remember a clarion call that said Fannie and Freddie are a disaster. Loaning to minorities and risky folks is a disaster? Maybe if you said it, enlighten me.
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Filed under 2008 election, Barack Obama, Democrats, humor, John McCain, movies, parody, politics, Republicans, snark, Wordpress Political Blogs