Failure of the Supercommittee

From the New York Times:

The smoke from the smoldering failure known as the deficit “supercommittee” spread heavily across Capitol Hill on Monday, allowing Republicans to obscure the simple truth about the failure to reach an agreement. The only reason the committee failed was because Republicans refused to raise taxes on the rich, and, in fact, wanted to cut them even below their current bargain-basement level.

Republicans in Washington claimed Democrats refused to budge on entitlements. John Boehner, the House speaker, and Mitt Romney, a Republican presidential candidate, as if by rote, issued statements saying it was all President Obama’s fault. But, had a single Republican on the panel endorsed even a modest increase in upper-income tax rates, Republicans could have won trillions in cuts from entitlements and discretionary spending. (Certainly far beyond anything we would endorse.) Link

 From Eugene Robinson:

No, the sun didn’t rise in the west this morning. No, Republicans on the congressional supercommittee didn’t offer meaningful concessions on raising new tax revenue. And no, “both sides” are not equally responsible for the failure to compromise. 

As usual, the two parties began with vastly different ideas of what it means to negotiate. Democrats envisioned meeting somewhere in the middle, while Republicans anticipated not moving an inch. This isn’t just my spin, it’s a matter of public record: Before the 12-member supercommittee ever met, House Speaker John Boehner warned that they had better not agree to any new tax revenue.

Think about this for a minute. The whole point of the subcommittee exercise was to begin reducing the ballooning national debt, now more than $15 trillion. Closing such a big gap with spending cuts is possible only in the parallel universe inhabited by GOP ideologues, a place where the laws of arithmetic do not apply.  Link