Who could have ever predicted this outcome? From CNN:

Members of the "super committee" charged with coming up with $1.2 trillion in budget cuts are focused on how to announce failure to reach a deal, Democratic and Republican aides confirmed to CNN Sunday.

And National Journal reports we may be in for yet another debt limit fight.

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Starve the Beast
Joined
Nov '10
Starve the Beast

I was never too sure what was so super about them.

Remember when you were a kid, and you used to fasten a towel around your neck with a safety pin and pretend it was a cape? These guys should really be made to walk around Congress like that, so everyone who sees them will know how 'super' they are.

tabula rasa
Joined
Jun '10
tabula rasa

Better this than giving in to tax increases and no entitlement reform, which both appear to have been the Democrats' price to play.  Let's beat Obama and win the Senate, then create real reform. 

PJS
Joined
May '10
PJS

What a surprise.  Not.

DocJay
Joined
Jul '11
DocJay

How about a big red letter S stamped on their super secret forehead.

Worst idea ever.  The debt issue is the defining crisis of our time.  Leaving the solutions to career politicians (the very source of our problem) to hash out behind closed doors could have produced abject disaster but I was counting on the RINOS and Dems to not be able to pander enough to those who bribe them.

The King Prawn
Joined
Dec '10
The King Prawn

Surprised? No. McCain and others have already hinted that the automatic cuts provisions of the bill can be legislated out. There's no way hawks will let that much of the defense budget get cut, and I doubt if dems want to see domestic spending cut, so there's probably a better than average chance that the whole thing was all theater to begin with. The real wild card in this is Obama. What will he do when a bill to negate the automatic cuts hits his desk? I can't imagine him playing the adult and telling congress to take its medicine, but if he did it would definitely enhance the entertainment value of this whole exercise.

Keith Preston
Joined
May '10
Keith Preston

This is actually good.  Things have gotten worse (and Europe is an excellent example of what awaits us if we don't get serious.)  We should welcome the opportunity to debate this before the American people again.

The King Prawn
Joined
Dec '10
The King Prawn
verochart500px

Pretty much says it all.


Joined
Jan '11
Kowaliczko Tom

 Great - horrible idea/compromise that should have died on the vine. If they want to raise the debt limit, make them do it at the end of every month. Keep the spending issue at the forefront.

Don't raise the debt ceiling until the Senate passes a budget. If the House doesn't like the number, go to conference committee and hash it out there. This is one of the most potent issues the GOP has - don't surrender it.

Mollie Hemingway, Ed.

Best summary comes from Nick Gillespie:

The sad thing, of course, is that all of this is total bushwah, a classic case of misdirection. Here we are, talking about a paltry $1.2 trillion in future cuts (read: rounding errors) over 10 years in budgets that are already coming in at near nearly $4 trillion annually. We're talking about an aggregate cut over a decade that is smaller than recent years' annual deficits. It's like buying a car for $20,000 and then haggling over whether they throw the frickin' deluxe floor mats in for free.


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