Both parties continue to trip over the low bar Americans have set for them, and we can look forward to more of the same for the next four years.
The super committee fell below even my own low expectations. I knew they would not come up with anything resembling an actual deal, but I thought they would at least agree on something, even if that something combined a minimum of anything real and the maximum of fakery. But no, they failed to agree on anything. However, the capacity of this sorry Congress to never fail to miss a chance to miss a chance should not be a surprise. So what are the consequences?
The consequences of sequestration itself — the automatic cuts that were supposed to be the doomsday scenario forcing some deal — will be mostly zilch. The actual cuts do not go into effect until 2013. The domestic cuts will make government a little bit worse, but not a lot, and the defense cuts will all be reversed. President Obama has said he will veto any effort to reverse the defense cuts, but they won’t come to him as a single, separate package and that’s an empty threat anyway. The defense sequestrations will be bundled in the defense appropriation for next year, and I’m willing to accept bets that the president will not veto a defense appropriations bill in the midst of a reelection campaign. In any case, Secretary of Defense Leon Panetta is on record opposing these cuts, and Leon is not someone with whom the White House wants to have a public debate.
The consequences of the inevitable blame game now going on will be a lower level of trust and confidence for everyone involved — Democrats and Republicans, the Congress and the president. No one comes out a winner here, although my guess is that on the margin President Obama is hurt the worst. Why? People know who he is and they know this thing failed. People have no idea who the congressional members of the super committee were. The entire leadership of Congress stayed as far away from this as possible, and if you believe that was an accident then you were probably also visited by the tooth fairy last night.