"It is now universally being predicted that the Congressional “Supercommittee” that was set up as part of the debt ceiling compromise last summer will fail to reach agreement on a proposed $1.2 trillion in spending cuts, spread over a ten year period. The committee’s theoretical deadline is Wednesday; realistically, however, it would probably have to announce a deal tomorrow, as it would take CBO two days to score whatever proposals might emerge.
"This is no surprise. My Washington sources have been saying for some time that the Supercommittee will come up with nothing, since the Democrats have decided that their political interests are best served by failure. That assessment is being proved correct. The question is, should conservatives care?"
[Doomed to failure is a phrase coming to mind.]