Supercommittee Showdown: Warner warns of future uncertainty

RICHMOND, VA (WWBT) – Now that the super committee has failed, frustrated members of Congress are concerned about what happens next. One of them is Senator Mark Warner, who told us today if you think it looks bad may only get worse.

After nearly three months of squabbling behind closed doors, the 12 members of the bi-partisan super committee seem unable to come up with a plan that fixes the country's debt problem. Virginia Senator Mark Warner believes it is because they are focused on the wrong things.

"If either political party thinks they are going to have a partisan only win, then they are not talking to the same kind of Virginians and Americans that I am," said Warner.

Warner spent a good deal of time with his "Gang of 6" creating a bi-partisan plan before the super committee was established. Their ideas were tossed aside before they even finished. Now everyone is back where they started, with many under the impression the 2012 elections will offer new opportunities, Warner believes that won't work.

"None of this gets any easier after 2012," he said.

The hold-up continues to be over taxes. Democrats want more, republicans don't want any. Even though Warner is willing open to compromise, he can't envision a plan that works, without some new taxes.

"You've got to do this with both spending cuts and increasing revenues. You can't fix it on one side of the balance sheet alone," Warner said.

And so the super committee showdown continues, with trillions of dollars in cuts on the line, and no solutions anywhere to be seen.

Warner is willing to revive the Gang of 6 plan, which has the support of half of the Senate and about a quarter of the House. However that would take time. Time the country may not have.

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