The failure the Congress’ “Super Committee” to come to a resolution on the nation’s budget deficit is not a surprise. They were supposed to reach $1.2 trillion in budget cuts before Thanksgiving or mandatory “across the board” budget cuts would “trigger” to “automatically” reduce the budget.
I think it was a ploy all along to get past the debt-ceiling stalemate that allowed both parties to save face, in the face of a government shutdown. They kicked the can down the road, and now down the road is here.