Monday, November 21, 2011

Super Committee

Super Committee
Should be a "super committee" in the U.S. find cross-party way out of debt distress. But the talks have failed obviously. Save now threatened by the "lawnmower" method.

The dispute over the national debt in the U.S. is no solution in sight. To Wednesday should be a bipartisan Parlamentskommisssion - a so-called "Super Committee" - a few actually, how can the next ten years, $ 1.2 trillion can be saved. According to media reports, relying on congressional staff, but the negotiations were broken off in the early hours of Monday. As the CNN reported, the last talk was only a question of how the failure of the public should be announced.

Renowned negotiator

In other U.S. media is bluntly of 'failure' of the speech. Here there were notable politicians sought a compromise in the debt dispute. The former Democratic presidential candidate John Kerry was one of them, as well as the number two Republican in the House of Representatives, John Kyl. A total of twelve experienced people negotiating representatives have loose according to observers to quite a reputation.

Actually, the one appointed by President Barack Obama committee should submit by Monday night, saving his proposals to Congress. Instead, should now be given during the day announced that the months-long negotiations have failed. This threatens the U.S., a further downgrade, after it had withdrawn the rating agency Standard & Poor's, the country already in the summer because of the chaotic negotiations over the debt ceiling, the top rating of AAA.

Now threatens the lawnmower
In the event of failure, the rules automatically cuts from 2013, across all sectors. The clause should actually increase the pressure for an agreement. In the long tarnished campaigning before the presidential and congressional elections, the MEPs are also under pressure to demonstrate their ability to govern. But the Democrats refused to agree to cuts in social policy, while Republicans balk at tax increases.

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