Super Committee crashes and burns

As I noted earlier today, what else was to be expected? This was never a viable committee or a viable solution for the problem. If anything, this was a quick way to an end for Obama. He knew from day one that they would never come to any agreement on cutting the budget.

Two points...

1. Watch the markets tomorrow.

2. Watch how long it take Obama to cut the military budget after this.

Supercommittee fails to reach a deal

It’s all over.

After a frantic day of last-ditch negotiations, the 12-member supercommittee folded late Monday, failing to cut $1.2 trillion from federal spending and setting into motion harsh across-the-board cuts. Super Committee Folds