Doug Bandow: Time To Gut, Not Cut, The Federal Gov't

The solution is simple, just not easy.    Washington’s vaunted debt reduction supercommittee has failed.  The dozen members were unable to agree on a package of deficit reduction measures which would only have slowed the fast rising tide of federal red ink.  It will probably take the Second Coming before legislators voluntarily halt the wild taxpayer-paid party on the ... MORE

REUTERS: Super Committee Is A Super Flop

Debt-reduction efforts will be led by voters in 2012. The failure of a congressional deficit-cutting "super committee" means the tough work of putting the United States' finances on a stable path will likely have to wait until 2013 at the earliest. Barring some unforeseen development, the Republican and Democratic co-chairs of the committee are due to issue a joint  ... MORE

Mark Steyn: The Supercommittee Is A Joke

Finding savings by ... adding to deficit? Have you been following this so-called supercommittee? They're the new superhero group of superfriends from the super-Congress who are going to save America from plummeting over the cliff and into the multitrillion-dollar abyss. There's Spender Woman (Patty Murray), Incumbent Boy (Max Baucus), Kept Man (John Kerry) and many other  ... MORE

THE HILL: Democrats Want War Savings For More Spending

This from the debt reduction supercommittee.  Democrats on the supercommittee have proposed that the savings from the end of the wars in Iraq and Afghanistan be used to pay for a new stimulus package, according to a summary of the $2.3 trillion plan obtained by The Hill. The latest offer from Democrats on the deficit panel, made Monday night to their        ... MORE