Senate Democratic Leader Harry Reid has named the following to the committee: Sen. Patty Murray (D-WA); Sen. Max Baucus (D-MT); and Sen. John Kerry (D.MA). Kerry recently tried to peg the S&P downgrade as the "Tea Party downgrade," so we can't look to him to support any serious cuts. Perhaps his role, as a super-rich windsurfer, is to advocate the "balanced approach" that is code for raising taxes on those wealthy enough to create jobs.
House Majority Leader John Boehner has named: Rep. Jeb Hensarling (R-TX); Rep. David Camp (R-MI) and Rep. Fred Upton (R-MI). I don't know anything about these members of the House, but I find it odd that Boehner chose two from Michigan.
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