And by "fail" I mean "epic fail," or "unbelievably epic fail," or "catastrophically epic fail."
Here's what will happen. The so-called "Supercommittee" will fail to reach a deal by next Wednesday. Of course they will; they were always going to fail; that's why they scheduled the deadline on the Wednesday before Thanksgiving, the biggest travel day of the year, and the start of a four day weekend where Americans probably pay less attention to news than at any other time of the year. That's how cynical these m*****f***ers are.
Then what will happen? Automatic spending cuts will supposedly kick in, cutting defense spending and Medicare by some $1.2 trillion over ten years. Democrats will demogogue that Republican intransigence on taxes on "millionaires and billionaires" caused this catastrophe, hurting the elderly who depend on Medicare. It won't matter that Republicans are correct that tax revenues aren't the issue, spending is, and also correct that raising marginal tax rates on the most productive Americans on the cusp of a double-dip recession and with Europe teetering on the brink of a full blown financial meltdown probably isn't the best thing to do. The Democrats will demogogue because that's what Democrats do, and the Republicans will cave, and they'll craft legislation to postpone the automatic cuts until after the election. And Americans will eat their turkey and rub their fat bellies while some rough beast slouches toward Bethelem to be born.
Paul Ryan is the only Republican who can save us at this point. Here he is talking about a sad milestone that occurred this week when America's national debt passed the $15 trillion mark: