Update No. 3 - Joint Select Committee on Deficit Reduction

Robert J. Tennessen

Interesting developments can be found at the following links:

Members of Congress Criticizing Private Meetings of Special Committee

http://www.washingtonpost.com/politics/supercommittees-secrecy-disappoints-republican-house-freshmen/2011/10/31/gIQAwJpudM_story.html?wpisrc=nl_politics

Prior Recommendations to Fix the Federal Budget – Consequences of Failure

http://abcnews.go.com/blogs/politics/2011/11/deficit-hawks-warn-super-committee-on-consequence-of-failure/

http://thehill.com/homenews/house/191219-nearing-deadline-supercommittee-holds-public-hearing-on-two-old-plans

http://www.businessinsider.com/yet-again-the-super-committee-is-gridlocked-over-taxes-and-spending-2011-11

http://www.fiscalcommission.gov/sites/
fiscalcommission.gov/files/documents/TheMomentofTruth12_1_2010.pdf

http://www.bipartisanpolicy.org/sites/default/files/
BPC%20FINAL%20REPORT%20FOR%20PRINTER%2002%2028%2011.pdf

http://slatest.slate.com/posts/2011/10/26/supercommittee_democrat_
max_baucus_floats_3_trillion
_dollar_defi.html?from=rss/&wpisrc=newsletter_slatest

Potential Bipartisan Support for Tax Increases to be Part of Solution and Deficit Reduction of More than the $1.5 Billion Required by Authorizing Legislation

http://www.nytimes.com/2011/11/03/us/politics/deficit-committee-could-seek-more-time-a-top-democrat-says.html?_r=1&ref=politics

"In a rare bipartisan appeal, 40 House Republicans and 60 House Democrats said Wednesday that the committee should consider additional revenue along with spending cuts as part of a deal to reduce deficits by $4 trillion over 10 years.

The bipartisan group, led by Representatives Mike Simpson, Republican of Idaho, and Heath Shuler, Democrat of North Carolina, sent a letter to the committee that said, 'To succeed, all options for mandatory and discretionary spending and revenues must be on the table.' The group did not recommend specific ways to change the tax code or reduce spending."