So the SuperCommittee on Deficit Reduction has failed to come up with a plan to save us from future financial disaster. If any of you are shocked by this--you need to get out of the house more often.
Let's be honest, this committee was doomed from the start--not because it was a "bi-partisan" body that came to the table with very "partisan" opinions on how to address our continued budget shortfalls--but rather because the these are the very people who got us into the mess in the first place. If your car was totalled in a crash involving a drunk driver, would you ask the drunk driver to give you a ride home?
The SuperCommittee meetings should have started with a press conference where each member looked into the camera and said "I am a total moron who approved a whole bunch of spending without giving any thought to how to pay for it. Therefore I have zero credibility when it now comes to fixing the mess I created." Next, every member should have quit, saying "President Obama should be coming up with his own plan--since he was elected to provide some leadership for this country--instead of pushing off the actual tough stuff to a Congressional committee that he can blame when he runs for re-election next year."
Instead, a bunch of politicians went behind closed doors to seek a politically-convenient proposal instead of an actual financial solution. The brutal truth is that it won't be solved by just cutting spending and it won't be solved by just raising taxes. But when you send people with hard-line positions in to "negotiate" a compromise--and who are incapable of accepting the blame for creating the situation--you are doomed to failure before you even start.