Pierce nails this:
Ask me what my greatest fear is right now, and I will tell you that my greatest fear is that the members of the SuperCommittee — which, as you may have noted, both Newt Gingrich and I think was a colossally stupid idea — will come up with some face-saving, middle-class-slaughtering, last-minute “compromise” because they think that’s what will make certain important people happy. Already, we are being inundated with dire predictions and gloomy speculation about what the “failure” of this wanktastic enterprise will “mean.” Trust me on this: To the great majority of Americans who are just trying to stay afloat in what’s left of the national economy, now that 30 years of conservative economics and a decade-or-so of Wall Street depredations have had their way, the fact that this group of people in Washington failed to come to an agreement on how best to hose the rest of us will not matter a damn.
Which doesn’t mean that it isn’t going to be treated like the collapse of the Republic by the entire politico-pundit establishment, and by all the politicians who curry its favor, and vice versa. Unfortunately, the Republicans are best suited to blame the Democrats for what’s happened because a) the Republicans are better at blaming someone else than any organization ever devised by man, and b) the Democrats were the gold-plated saps who thought a compromise of some sort would be possible if they just pitched enough of their basic principles overboard.
Strap on the life vests, because he is absolutely right, and we are about to be drowned by a tsunami of David Brooks’ tears. This whole exercise has been ridiculous from the get go, the very basic premise flawed:
So there’s this bipartisan group of elected officials known as “Congress” that passed $1.2 trillion in deficit reductions into law. They also designated a random group of wankers to come up with some alternative $1.2 trillion in deficit reductions as a substitute. They didn’t come up with a substitute. So we have the original path to deficit reduction as opposed to the potential substitute.
God forbid Congress actually live with the legislation they created and voted on.