Topic: Super Committee

Ron Paul's take on the Congressional "Super Committee" is reviewed, with Paul arguing that no real cuts are being made, only cuts to "projected increases." Adam Curry predicts that Obama will use an executive order to resolve the tax cut issue and that a "99% benefit concert" featuring Lady Gaga will be announced soon.

The congressional "Super Committee" faces a deadline to vote on deficit reduction measures, with automatic cuts looming if no agreement is reached. Despite talk of austerity, reports indicate the U.S. military budget is projected to exceed $600 billion for 2012. The hosts observe that the defense industry remains the primary source of economic growth in regions like Austin.

The hosts critique a clip of Nancy Pelosi discussing the "Super Committee" and government spending. Pelosi accuses Republicans of not believing in Social Security, Medicare, or clean air. The hosts debunk her claims, pointing out that Democrats failed to pass a budget when they held a supermajority and accusing her of blatant partisan lying.

The creation of a "super committee" (or "super congress") to handle future fiscal decisions is criticized as a potentially unconstitutional move that bypasses the standard legislative process. The discussion highlights the rhetoric used by the White House to frame the President as the sole authority capable of making laws, ignoring the constitutional power of Congress to override vetoes.