It’s the big headline of the day: the Super Committee has failed to come up with a plan to reduce the national debt by $1.2 trillion.
And why is anybody surprised? The Super Committee was doomed to fail from the outset. We all knew it would fail. For the same reason Congress was unable to agree on any plan to raise the debt ceiling last summer.
Two things were critical to coming close to a deal. One, both sides had to agree that any deal would have to be balanced – in other words, include both spending cuts and revenue enhancements. Two, both sides would have to give.
Which is exactly what Republicans refused to do. Showing their allegiance to lobbyist Grover Norquist, rather than the American people, Republicans rejected a balanced approach. They insisted on spending cuts, only – including to Medicare, Medicaid, and Social Security. And Republicans refused to consider ending the Bush tax cuts for the wealthiest of Americans – even though George Bush, himself, insisted the tax cuts should only be temporary – because we might need that extra revenue some day.
No, it’s no surprise the Super Committee has failed its mission. And it’s no secret why.
Don’t blame both sides. Blame the Republicans.
That’s my parting shot for today.