The bipartisan, bicameral “supercommittee” in Congress charged with eliminating a $1.2 trillion budget gap over 10 years failed to meet their self-imposed deadline and the anticipated finger-pointing has already begun.
Michigan was the only state with two members on the supercommittee, U.S. Rep. Dave Camp (R-Midland), Chair of the House Ways and Means Committee, and U.S. Rep. Fred Upton (R-St. Joseph), Chair of the House Energy and Technology Committee. Both have expressed their disappointment with the failure of the body to accomplish their goals – and both have committed to continuing to work.
Republicans reportedly held to their position of not addressing new revenue from the mostwealthy Americans, while Democrats reportedly were unwilling to go as far as Republicans wished on the cut side.
The failure of the supercommittee to compromise and fulfill their goals will put into effect automatic, across-the-board cuts in 2013.