This entire plan is a disaster for several reasons:
- It assumes that both parties care equally about the success of negotiations. The Republicans will never move an inch even to push the country out of the way of a speeding train unless all of their demands are met. The recent hostage taking tactics of the Republicans are antithetical to debate in a committee because the Democrats will blink first.
- Lobbying groups are already salivating at the thought of influencing this small and powerful group of politicians. Bribing 7 committee members is a whole lot easier than hundreds of politicians.
- I seriously doubt there will be transparency in the debates
- The entire primes of cutting spending is flawed when we are in recession. Most economists agree that what we need is more spending, not huge cuts.
The political ploy created by this debt ceiling crisis's solution can only have one conclusion: The result will be a regressive bill that harms the poor, doesn't increase taxes, and cut entitlement programs.
The Sarcastic Liberal