SEARCH
« Mitt Romney to Launch Television Ad in New Hampshire | Main | Romney Snags Second High-Profile New Hampshire Endorsement »
Monday
Nov212011

Supercommittee Poised for 'Disappointing' End?

iStockPhoto/Thinkstock(WASHINGTON) -- Absent any last-minute deals, the supercommittee on Monday will issue a statement announcing its failure to reach a deal to cut $1.2 trillion from the deficit.

“I wouldn’t be optimistic” Sen. Jon Kyl, R-Ariz., said Monday morning on Fox News. “I don’t want to create any false hope here...there will be an announcement by the two co-chairs towards the end of the day as to what the result was either way.”

Aides to the supercommittee members continue to half-heartedly insist that there are still conversations taking place between members of the 12-person committee, but the prospects are grim and the senators appear defeated.

A paper statement will be released late Monday, likely after the markets close, by co-chairs Sen. Patty Murray, D-Wash., and Rep. Jeb Hensarling, R-TX., announcing the committee is over.

“It’s disappointing,” Kyl said during an interview with CNN.  Earlier this year, Kyl announced his retirement; Monday morning he said the result of the supercommittee is one of the biggest disappointments of his career.

“This was Congress’ responsibility,” Sen. John Kerry, D-Mass., a member of the supercommittee said on CNN on Monday. “Frankly the only reason we don’t have an agreement is not because we weren’t willing to make reductions to Medicare, health care, do things we needed to do to make the system stronger, to protect it going forward. The reason is we are stuck on this insistence of making the Bush tax cuts for the wealthy permanent. I think the American people will judge that to be insane.”

“Our democratic friends had a different idea,” Kyl said on CNBC. “Their ideas was this the opportunity to raise taxes. And it didn’t matter what we proposed.”

Kyl said that Republicans believe there were “several incentives” for Democrats not to agree to a deal.

“They get to cut their favorite program, namely our national defense through the sequester program, namely our national defense though the sequester process,” Kyl said. “The president gets to keep his message that there is a dysfunctional congress and therefore he has somebody to blame for the bad economy.”

This criticism is also coming from outside of Capitol Hill. Some conservatives, like broadcaster Rush Limbaugh, called the entire supercommittee a farce, and claimed Democrats deliberately prevented the group from reaching an agreement so President Obama could blame the Republicans and a "do-nothing Congress" for the country's economic woes while stumping for reelection.

Talk of overturning the sequester -- the trigger of automatic across-the-board cuts – has already started.

“There will be opportunities to amend the effects of this across-the-board sequestration, on the defense side,” Kyl said on CNBC. “There will be efforts to find offsets or other ways to reduce spending so that those cuts in defense spending don’t occur.”

Last week, Defense Secretary Leon Panetta said the proposed cuts would be "devastating" to the U.S. military.

Copyright 2011 ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio