Tom Keene Talks to James K. Galbraith
Tom talks with James K. Galbraith of the University of Texas’ LBJ School of Public Affairs about the failure of the supercommittee
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Why couldn’t the supercommittee get anything done?
I think the supercommittee did the best thing it could have done. Any agreement would have caused much more damage than no agreement at all.
In what sense?
Their mandate basically was to make long-term cuts in Social Security, Medicare, and so forth. That would have done enormous damage to the bulwarks of what remains of the middle class.