The so called Super Committee is a group of 12 congressmen who are supposed to get together and cut the deficit by 1.2 trillion. They must reach a decision by Thanksgiving or there will be automatic cuts to discretionary spending and defense spending. They will not reach an agreement because the only way the Republicans would agree to tax increases is if the Democrats agree to cuts in Medicare and the Dems will not do that since their reelection and chance to recapture the house is based on the plan to demagogue the Republicans who voted for the Ryan plan.
Many think that the Republicans will have to agree to a deal to prevent cuts to the military but that is not the case since even if cuts are ordered by the committee the Republican controlled house can immediately authorize more money to balance out the cuts.
I predict no deal by the committee.
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