The committee designed to fail
The so-called Congressional “supercommittee” that was supposedly charged with coming up with a deficit and debt reduction plan for the federal government has shut down without an agreement. That isn’t a suprise at all.
No Democrat on that committee was going to agree to cut entitlements to the degree needed to restore the full faith and credit of the United States because it will undermine the Democrats’ core constituency groups. No Republican would agree to tax increases without significant cuts and reform to entitlement spending, nor should they. The even numbers on the committee in light of those realities insured that the process would fail before it even began. The President likely wanted it that way, because now he can cut national defenses so deeply that he will make this country a weakling and a by-word in the earth, but he’ll find ways to increase entitlement spending if Obama should, God forbid, remain in office. Failure is what the President wanted all along, since failure is what his administration is all about.
I would posit this opinion: This entire so-called supercommittee has been a charade from the beginning. Barack Obama knew that this process would fail, and he wanted it to-he needs some reason to blame Republicans to deflect attention from the reality that he has failed to fulfill his oath of office to preserve the Constitution.