To Deal or Not To Deal, That Is the Debt Question

The difficulty that this new committee will have scaling the steep walls of ideology and partisan mistrust is lost on few, including its own members.

Question_MarkWASHINGTON, D.C. — There is a joke in this town that goes something like this: If you want to guarantee that a problem does not get solved, convene a committee to study it.

On the heels of a nasty showdown that led the nation to near default, a joint Congressional committee is preparing to try to devise a deficit-reduction plan that both parties can live with — a goal that has eluded Congressional leaders, a cadre of senators and the president of the United States.

The impediments to the committee’s work lie as much in the way its success markers are defined as in the inherent partisan rancor — and substantial financial conflicts — among its members.

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Source: Jennifer Steinhauer | The New York Times