Super Committee: Smoke And Mirrors Personified

-By Warner Todd Huston

Just as feared by conservatives, this “supercommittee” nonsense is turning into the absurd entity that was expected. The congressional group set up to decide the sticky issues of the budget has just announced a “savings” of $700 billion that is nothing but the smoke and mirrors of an accounting trick. There is NO savings.

The committee is suggesting that the $700 billion that was earmarked for the various wars in which we are engaged is a “savings” because we are not going to be spending it due to the ramping down of those military actions…

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