Humorous Poems on the Dismal Science of Economics and the Dismaler Art of Politics
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Monday, November 21, 2011
Not-So-Supercommittee
A supercommittee that tried To conquer the party divide, When it ground to a halt, Found the other one's fault Was the one thing that each could decide.
With a Monday deadline looming, the Congressional deficit-reduction supercommittee found itself unable to bridge the divide between the Republican and Democratic positions. Having apparently failed in their task of reducing the US federal deficit by $1.2 trillion over 10 years, there was nothing left for committee members to do but succeed at the "blame game." As a consequence, a "sequestration" process will be invoked, under which $1.2 trillion of automatic, across-the-board spending cuts will hit everything from defense to social programs. Is this perhaps the secret wish of the supercommittee members?
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