The Super Committee's Super FAIL

This afternoon, the Super Committee announced it had failed.  SHOCKING, I know. 

After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.

Because of the failure to reach consensus on how to reduce the deficit, there are automatic cuts that go into effect, though there are a number of republicans who are already trying to get out of the corner they've painted themselves and the country into.

Anyway, moving on to the question of Why did the Super Committee Fail?, there's a truly simple answer: greed.

While Democrats had put painful cuts in critical programs such as Medicare, Medicaid and Social Security on the table, Republicans flat out refused to even consider eliminating the Bush Tax Cuts on the richest 2% of Americans to the tune of $800 billion.  Republicans continue protecting the rich while demanding that working families bear the brunt of the economic crisis. 

As mentioned earlier, there are already republicans posturing to try to roll back the automatic cuts in defense spending, but President Obama let them know this afternoon that trying to remake the rules after the fact is something he won't allow and vowed to veto any legislation republicans may send to him that would attempt just that.