The “Super Committee” That’s Not Meeting This Week
The "Super Committee" That's Not Meeting This Week - World, November 16, 2011
This "super committee" does not have any meetings scheduled this week, and despite the urgency and importance of its mission, it has no legal mandate or deadline. It doesn't even have a formal membership. For all practical purposes it doesn't exist. The accumulating debt that it needs to address is so large that it defies computation, but it easily dwarfs the worst of the federal debt projections. By the standards of Wall Street financial analysts, the entity which it seeks to save is "too big to fail." Nothing, however, guarantees that it won't. Indeed, unless the "super committee" gets busy, failure in some form is almost inevitable. The signs of impending collapse are all too apparent.
- Robert Walker, Huffington Post
