Super Committee — Running Out of Airspeed and Ideas
Just like an old pilot, the Super Committee appears to be running out of options in its race to find $1.2 trillion in savings. With one week left before the November 23rd deadline, time is short and the sides are far apart. There has been a measurable increase in activity and it’s obvious the Committee members are trying to cobble together something, but can they bridge the gap?
The lack of time for the Committee to act would suggest no.
The deadline for them to favorably vote on a proposal is November 23rd, but the real deadline is much sooner. Why? The …