November 23, 2011

A Congressional super-committee is likely to fail to meet tomorrow’s deadline for budget cuts. After seven, Joy Cardin asks her guest what went wrong, and whether automatic cuts will kick in. Guest: – 7:15-7:20 – Gwen Moore, Democratic U.S. Representative, Wisconsin’s Fourth Congressional District.

{qtube vid:=qoyfsZgPv7M&feature=youtu.be w:=580 h:=360 b:=1 c1:=0b8241 c2:=16cc68 ap:=0 rel:=0} Gwen Moore discusses the Wisconsin Recall with Al Shaprton on PoliticsNation (Video courtesy of MSNBC)

WASHINGTON (AP) — The bipartisan leadership of a special congressional deficit supercommittee has officially announced that the panel has failed to reach an agreement.

Democratic Sen. Patty Murray and Republican Rep. Jeb Hensarling say that despite “intense deliberations” the members of the panel have been unable “to bridge the committee’s significant differences.”

U.S. Senator Herb Kohl released this statement, “It’s most unfortunate that the joint committee couldn’t reach an agreement.  Our country has serious issues with long term debt and everybody understands that we need to make difficult choices to address them.  I’ll continue to support long term debt reduction that includes a balanced mix of spending cuts and revenue increases.”

Meanwhile, U.S. Senator Ron Johnson stated, “Unfortunately, Washington has failed to deal with this by resorting to another round of secret meetings and a ‘special committee.’  I was skeptical of the process from the start, but to encourage success, I submitted to the committee a list of savings totaling $1.4 trillion. Reducing the rate of growth in government spending should not be this hard.”

Johnson added that, “We need economic growth and real leadership – something that has been absent from Washington for far too long.  America is facing a financial emergency.  It is way past time for us to start acting like it.”