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Social Security saved by supercommittee's failure

The Social Security program has lived to see another day, thanks to the squabbling of the budget deficit supercommittee, which announced Monday it had failed to agree on a proposal.

By Paula Aven Gladych | Updated on November 22, 2011
The underground meeting room where many of the Supercommittee's gatherings have taken place is empty as the panel's deadline looms Sunday morning at the Capitol in Washington, Nov. 20, 2011. (AP Photo/J. Scott Applewhite)

The Social Security program has lived to see another day, thanks to the squabbling of the budget deficit supercommittee, which announced Monday it had failed to agree on a proposal.

The committee, which was made up of six Republicans and six Democrats, had until Wednesday, Nov. 23, to come up with a budget reform plan or cuts put into place through The Budget Control Act of 2011 would take effect in 2013. The Republicans on the committee wanted deep cuts to social programs like Social Security and Medicare, while the Democrats vowed to not let that happen.

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