Many observers of the political scene suspected that the creation of the congressional deficit-reduction supercommittee was just a sham to allow legislators to increase the debt ceiling while giving the appearance of being serious about long-term deficit reduction. With each bit of news that trickles out of Congress, such suspicions are being borne out.
The latest development on the subject, according to Politico, is that Sen. John McCain (R-Ariz.), ranking Republican on the House Armed Services Committee, “is vowing to ‘nullify’ part of a law that would impose major military cuts if the deficit panel can’t reach a deal.” In short, McCain wants to repeal the part of the debt-ceiling deal that triggers automatic cuts to defense spending if the supercommittee fails to reach agreement on its own plan to reduce the deficit by $1.2 trillion over 10 years. (The law also requires equivalent cuts in domestic spending, but McCain did not address that matter.)
“If there is a failure on the part of the supercommittee,” McCain said during a news conference yesterday, “we will be amongst the first on the floor to nullify that provision. Congress is not bound by this. It’s something we passed. We can reverse it.”
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Photo of John McCain: AP Images