Why the super committee failed | Arkansas Blog

Why the super committee failed

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New York Times offers insights into the failed super committee budget talks.

* DEMOCRATS: They were willing to cut programs popular with its base.

The Democratic proposal included as much as $500 billion of savings in health care programs, higher Medicare premiums for high-income beneficiaries and use of a less generous measure of inflation that would reduce annual cost-of-living adjustments in Social Security benefits.

* REPUBLICANS: Taxes were a non-starter. There finally was a $300 million revenue proposal, but it came with an across-the-board tax cut, including from the already low rates enjoyed by millionaires.

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