Washington Times: Tim Devaney: 'Senate Finance Committee Economist Calls For 'Super Duper Committee'

Source:The Washington Times- columnist Tim Devaney.

"After the supercommittee’s failure in 2011, the Senate Finance Committee’s chief economist suggested this week Congress may turn to a new “Super Duper Committee,” in an effort to avoid the fiscal cliff, with dire consequences that are too big to fail.

“The supercommittee was like a can with nails, and we kicked it down the road,” Jeff Wrase, chief economist of the Senate Finance Committee, said on Friday. “Now, we have to construct an exploding can, so no one can kick it down the road again.”

The fiscal cliff is a series of massive spending cuts and tax hikes that take a drastic approach to reducing the deficit, which would hurt economic growth. The Obama administration and Senate Democrats have struggled to negotiate with House Republicans over a more reasonable solution to reducing the deficit." 

From The Washington Times