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leaders each get to name three members. meaning the panel will be evenly split, 6-6 along party lines. they ll have until thanksgiving to come up with a package of cuts and/or taxes to get the $1.5 trillion. now, congress would then vote up or down on the entire chunk. they have to vote. but remember, the supercommittee was set up to do what congress and the white house failed to do. keeping them honest tonight, it s not like this is the first time politicians have decided to set up a committee to do what they themselves have failed to do. in targets we have all been to this rodeo before. this commission has given us a warning for the future. but you have also presented us with a program for action. that was ronald reagan back in 1984 talking about a commission which was set up which was called for back in 1982. so we have heard this time and time again from politicians. and it wasn t just starting with ronald reagan. it goes back well, it s happened a lot even ....

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