The name definitely must be changed. The so-called Super Committee appointed by Congress to come up with budget cuts and save the country from our crippling debt has failed. In fact they have crashed and burned in grand fashion.
No deal coming. No compromise. After weeks and weeks some of the most powerful people in Washington DC have absolutely nothing to show.
Now we will get $1.2 trillion in automatic cuts. $550 billion from defense. The rest from medicare and other programs. Republicans are already working on legislation to overturn them. Obama is already saying he will veto any such legislation.
And now the war of words begins. President Obama spouted at a news conference today blaming Republicans (as he always does). Seems to me the Super Committee was an even six from both parties. Blame should fall evenly on both sides.
A total political failure. I guess it should have been expected. All we have seen now for a few years are total political failures. Congress is a joke. The Presidential leadership is a joke. It's basically a total disaster.
Look around the world. Europe is in tatters. Egypt is once again blowing up. The Middle East is a powder keg that we will reignite over the next few weeks. We have the Occupy Wall Street movement (as goofy as it is). And we don't have twelve people from Congress that can sit down and come to any agreement.
Goodness things are bad.