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Hume: Super Committee Flop
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Politicians don't see a crisis
- Duration 1:19
- Date Nov 21, 2011
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Politicians don't see a crisis
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Desperate Hume is here tonight with some thoughts on why the super committee was such a super bust good evening Brett I'm -- The failure of the super committee has been widely attributed to partisan stalemate with the promise less partisan and ideological.
The battle over spending and debt is being fought along the deepest fault line in American politics Republicans believe deeply.
That raising income tax rate for anybody including the wealthy is economically dangerous.
And politically suicidal besides they say it wouldn't raise enough money but Democrats would equal -- believe that cutting entitlement benefits.
Benefits which are the big driver of deficits is to attack the crowning achievements of their party's drive for social justice in America.
Nancy Pelosi even directed her appointees on the super committee to oppose any such cuts.
Bear in mind though the super committee was not supposed to produce a balanced budget only a plan to lop off about 18 of the projected deficit over the next ten years.
Surely you'd think they could split the difference on tax increases in exchange for some entitlement cuts -- get a deal.
But that underestimates the political -- that members of both parties would face from their base voters for making such a deal.
You can get politicians to -- their bases in a national emergency.
But the ballooning national debt -- -- a crisis but -- the politicians nor the public seems of the moment to see it as an emergency.
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