Below is from Mike Allen’s column this morning. It shows what happens when politicians just don’t do their jobs. What is missing below is that even after the Super Committee failed to agree by the November 2011 deadline, there was NOTHING stopping them from continuing to work on a solution for the following 13 months. In stead they just quit….they gave up. And thus since November 2011 until just last week there was no fiscal cliff solution which meant that the business community was left hanging and the economy put in stall:
NOW IT CAN BE TOLD – BOB WOODWARD, author of the bestselling “The Price of Politics,” top of “Sunday Opinion” page in tomorrow’s WashPost, “To avoid the crisis next time, try delegating the job”: “Could the staffers have done better? The behind-the-scenes story of the failure of the supercommittee last year, until now unreported, suggests that they could have. The supercommittee was charged with finding $1.2 trillion in deficit cuts over 10 years. To guarantee its success, Congress and Obama agreed on $110 billion in mandatory spending cuts that would take effect Jan. 1, 2013, if the supercommittee failed — cuts so odious that the supercommittee would not allow itself to fail. … The committee had about three months to do its work. While most of the congressional leaders and supercommittee members were out of town in October 2011, they assigned top staffers to work out a $1.2 trillion deficit-reduction agreement. … The five staffers struggled for a week.