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August 10th, 2011
06:00 PM ET

Faith in "super committee" to fix debt woes?

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The National Debt Clock, a billboard-sized digital display showing increasing U.S. debt, as seen August 1, 2011 in New York City. (PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

The saying goes "where there's a will there's a way"... but it's not clear if our leaders have the political will - or the backbone - to fix the country's serious debt troubles.

We'll find out soon enough when the so-called super committee gets to work. We're starting to learn who will make up this powerful group... including John Kerry on the Democratic side and John Kyl for the Republicans. Their job is to cut the deficit by $1.5 trillion over 10 years.

To do that, they must take on the issues of tax increases and entitlement cuts. So far, Congress has refused to touch either issue - even though the country is insolvent and now has had its credit rating downgraded for the first time in our history.

With an election coming up next year, what makes anyone think they will suddenly make the tough decisions now?

Consider Washington's track record on the issue of deficit reduction:

Last year, President Obama named a bipartisan debt commission - which had a lot of this stuff in it. The proposals came out after the midterms, and were ignored. Then there was the gang of six in the Senate which also recommended tax reform and changing entitlement programs. That went nowhere, too. The last time there was a significant drop in federal government spending was 1954. This is all cheap political theater.

A new CNN/ORC International poll shows 63% of Americans want the committee to recommend higher taxes for the wealthy and business. 57% say the proposal should also include major cuts in domestic spending.

But majorities of those polled don't want major changes to social security and medicare... or tax increases on the middle class and poor.

It's the "have your cake and eat it" syndrome.

Here’s my question to you: How much faith do you have in the "super committee" to fix our debt woes?

Interested to know which ones made it on air?

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Filed under: Government • United States
August 10th, 2011
05:00 PM ET

Destroying Romney right way for Pres. Obama to win 2nd term?

FROM CNN's Jack Cafferty:

"Hope" and "change" may be a distant memory when it comes to President Barack Obama's 2012 re-election campaign.

Politico reports the president's campaign will center on a "ferocious personal assault" on Mitt Romney's character and business background. This is based on the expectation that the Republican front-runner will be his party's likely nominee.

The president's aides have apparently been studying former president George W. Bush's 2004 takedown of Democratic Sen. John Kerry. Remember swiftboating and flip-flopping? As one Democratic strategist tells Politico, "Unless things change and Obama can run on accomplishments, he will have to kill Romney." Figuratively speaking.

Sources say there are two aspects to the strategy. The first is to go after Romney on a personal level as inauthentic, unprincipled and "weird."

The second is to go after the former Massachusetts governor's record as a businessman. He was CEO of the venture capital firm Bain Capital, which both created and eliminated jobs. The goal is to paint Romney as the picture of greed.

Romney's campaign describes this strategy as despicable, desperate and disgraceful. They insist there's nothing the president can do to make the election anything but a referendum on the economy. And they may very well have a point if things continue in the direction we're headed.

Meanwhile, the Obama campaign is pushing back against Politico's story saying anyone who claims to hold a "crystal ball" for their strategy doesn't speak for the campaign. And they claim that Romney is shedding "crocodile tears."

Let the games begin.

Here’s my question to you: Is destroying Mitt Romney the right way for President Obama to try to win a second term?

Interested to know which ones made it on air?

FULL POST