It was the coward's way out of a fiscal mess:
U.S. Supercommittee Ready to Announce Failure
Obama, by the way, hasn't even gotten involved in the budget crisis.
That may be more cowardly yet.
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So why was I so sure that this act of obfuscation would fail so spectacularly?
Because the Democrats went into the discussions with an ultimatum: Unless we agree on more taxes and agree that there'll be no cuts in spending, there'll be no deal.
Which is what got us to the brink of disaster in the first place.
By the way, we're closer to that brink today than we were yesterday. Not that they care.