Many observers of the political scene suspected that the creation of the congressional deficit-reduction supercommittee was just a sham to allow legislators to increase the debt ceiling while giving the appearance of being serious about long-term deficit reduction. With each bit of news that trickles out of Congress, such suspicions are being borne out.
In stealth succession on Wednesday evening, both the House and Senate approved three so-called free trade agreements with South Korea, Panama, and Colombia. The Obama administration claims that the three pacts will boost exports by $13 billion and result in the creation of tens of thousands of American jobs.
Tom Cross (left) the House Republican leader in the Illinois legislature, filed a bill Wednesday to probe a "charitable interpretation" of state law that granted at least eight Chicago labor officials eligibility for both city pensions and union pensions covering the same work periods. A Chicago Tribune/WGN-TV investigation discovered that some of these union officials await millions of dollars more in retirement due to double and even triple dipping on pensions.
The political climate surrounding the GOP presidential nomination has changed dramatically over the course of the last few months. Months ago, when Texas Governor Rick Perry entered the race, he virtually skated into the frontrunner position. However, in the weeks that followed, and after a few failed debates, Perry has quickly fallen, and former Godfather Pizza CEO Herman Cain has emerged as a new top tier candidate. In fact, according to a new poll, Cain is the man to beat at the moment.