On Bauer Business Focus — A conversation on the House Deficit “super committee” and their impending deadline with Andrew Schneider, business reporter for KUHF 88.7 FM.
Set with the task of finding at least $1.2 trillion in deficit reductions over the next 10 years, the House Deficit “super committee” has a long road ahead of them, according to University of Houston economics professor Steven Craig.
Craig stopped by Bauer Business Focus recently to discuss the arduous job of the committee.
“The troubles that they are addressing are very real and difficult problems,” Craig said. “People aren’t spending their money because they’re worried about social security deficits and what’s going to happen with Medicare and other long-term problems and addressing those problems in a real way may be very helpful.”
With a November 23 deadline quickly approaching and no agreement in sight, the super committee must reach an amicable agreement that Congress wasn’t able to reach earlier in July.
“The existence of the super committee is saying something about the President and his people and the sense that they aren’t really setting the agenda. As hard as this round is going to be, I don’t think it’s going to be the end of the hard negotiations.”
Click here to hear the full interview.