Super Committee: 99% Must Come First
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By R. Aura Kanegis and Arnie Alpert
NEW YORK (TheStreet) -- As thousands protest skewed political and economic priorities in the streets of New York and communities around the country, the 12 legislators on the Congressional super committee are preparing to make recommendations that could worsen the problems faced by the 99% -- and further shield the 1% now gorging on tax breaks and excessive military spending.
Their recommendations to cut $1.4 trillion from the federal deficit are due Nov. 23, and could affect every federal program, from Social Security to services that feed and house struggling families including middle-class households crippled by job losses or illness.
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