Tornado Alley (PROG)

[fastlizzy]

Bad News Supercommittee.....what's new?

http://www.bloomberg.com/news/2011-10-27/supercommittee-flirts-with-failure-as-november-deadline-nears.html

Republicans offered a $2.2 trillion plan, said a Senate aide familiar with the proposal. It includes $600 million in new revenue, mostly by assuming economic growth, the aide said.

“They’re gridlocked,” Greg Valliere, chief political strategist at the Potomac Research Group, said in an Oct. 24 Bloomberg Television interview. “The level of partisanship is really about to ratchet up.” Valliere raised the prospect of a lower U.S. credit rating if the supercommittee fails, even as investors have shrugged off Standard & Poor’s Aug. 5 downgrade of the nation’s debt to AA+ from AAA.