K Street’s Supercommittee Splurge
The bipartisan debt panel to nowhere is exactly where K Street lobbyists want it to be: hopelessly deadlocked. A November 23 deadline for agreement on $1.2 trillion in budget savings is looming, but no real reductions in the size, scope, or spending of government are on the table. Instead, we are witnessing another obscene special-interest splurge to preserve the status quo. All in the name of “reform,” of course.
The only thing “super” about the so-called budget-control supercommittee is the size of lobbying muscle exerted on its members. Almost 100 registered lobbyists who are former employees of supercommittee members are now “representing defense companies, health-care conglomerates, Wall Street banks and others with a vested interest in the outcome of the panel’s work,” the Washington Post found in September. This includes two dozen former staffers to Sen. Max Baucus (D., Mont.), including three former chiefs of staff.
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