The shutdown looming last week was just barely averted. The rebellious Tea Party continues to demand budget concessions whenever they can take a hostage. But the Dems are not folding anymore. Why? Maybe because of the super committee.
The super committee is charged with negotiating deficit reduction between two camps that are pretty far apart. Too many in Congress have pledged to non-negotiable positions, yet they voted themselves a loophole in the debt ceiling deal. The Congress will give the super committee recommendations an up-or-down vote, no amendments or filibusters allowed.
To many, an agreement between the members of the committee seems unlikely. Several party hardliners were appointed, including Jon Kyl, Patty Murray, Max Baucus, and Jeb Hensarling. (I don't personally know that appointees other than Jon Kyl are hardliners--I'm depending on news sources.)
I'm more optimistic. The appointees may be more partisan, but that means their compromises will have more weight with colleagues. This isn't just a warmed-over Simpson-Bowles committee or Gang of Six, that is, the same people hawking the same plan. This time, core members of the parties are doing the negotiating.
The reasons I think they will strike a deal:
- The form of the committee enhances its chance of success. Don't underestimate the ability of serious people sitting down together and talking to reach some compromises. Not all of them have to agree. Smaller groups of 2 or 3 or 4 can hammer out proposals to present to all twelve.
- Public opinion is for a deal. There is a lot of pressure on both Republican and Democratic officials to stop arguing and make some sort of deal. Republicans lost general support over the August brinkmanship. Democratic seats in the south, midwest, and west are always vulnerable when Democrats as a group drift too far left or if they are obstructionist.
I care less about the specifics of the deal than how the rest of Congress reacts to it. But I'll throw out some predictions because I always do. On spending cuts, I think they will probably come to roughly the same conclusions as Simpson-Bowles. Taxes will be harder to work through, so maybe they'll establish another super committee, maybe they won't touch it, or maybe there will be some token tax increases in this deal. The last part of this prediction covers so many possibilities that it hardly counts as a prediction.
Update 11/17/11. It now looks like the super committee will fail. Read my updated analysis.