Congress is now on its summer recess after reaching an agreement to deal with the national debt limit.
As part of the deal, a 12-member committee will begin meeting to identify ways to trim $1.5 trillion from the deficit over the next 10 years. The committee will present its findings by the end of November. Then, Congress has to approve the recommendations or else automatic spending cuts will be triggered across the board.
According to 5th District Congressman Mick Mulvaney, who joined the rest of state’s congressional Republicans in voting “no” on the plan, says he expects a timeline like the one in the debt limit debate.
“The deadline for the vote on the new committee report is, you guessed it, December 23. So once again, we’ll be right up against a major holiday and everybody will want to get out of town and there will be this wailing and gnashing of teeth about how the world is going to end if we don’t do something right now,” Mulvaney predicts. “My fear is that we’ll make another bad deal so that we can kick things down the road again.”
Senator Jim DeMint echoes that outlook, saying the “debt can has been kicked down the road and off the cliff.”
And there is more to be worked out on the fiscal agenda. The regular budget process must be completed by October 1 2011, or else government operations shut down.
The GOP is now demanding those bills impose additional cuts.