Super Committee Holds Another Public Hearing

On Wednesday, the Joint Select Committee on Deficit Reduction (JSCDR) held their third public hearing to focus on federal government discretionary spending.  The hearing comes just one day after what is being reported as heated discussions took place over entitlement and tax reforms in a closed meeting of the JSCDR.

CBO (Congressional Budget Office) Director Doug Elmendorf testified before the JSCDR on discretionary spending which totaled $1.277 trillion in 2011, or 40 percent of all federal outlays.…