Deficit hawks see little hope for grand bargain in Reid’s 'supercommittee' picks
The Hill
Aug. 10, 2011
Steve Bell of the Bipartisan Policy Center said the selection of Baucus and Murray do not bode well for the talks and said he is coming around to the widely held view that the supercommittee is not going to come up with a grand bargain to reduce the deficit.
“This is a bit of a blow for those of us who want a real, broad and balanced outcome from the [supercommittee] that begins to change the debt trajectory. I have been one of the few optimists in town on the [panel’s] potential,” Bell said. “After talking to senior House staff and discussing with other folks these choices, I guess I am falling down the ramp to the conventional wisdom.”
“I wonder if political folks understand that the world is watching in bewilderment,” Bell added.
BPC Bulletin
2012
2011
January
February
March
April
May
June
July
August
September
October
November
December
Infographic
Based on the housing industry’s average share of Gross Domestic Product (GDP) from 1980 to 2007, the infographic illustrates that 2.3 percent or $350 billion is “missing” in potential growth.
Stay Connected
