Debt-Reduction Super-Committee Is Super Deadlocked

By
WASHINGTON, DC - OCTOBER 06:  U.S. President Barack Obama listens to a question during a news conference in the East Room of the White House October 6, 2011 in Washington, DC. Obama spoke about the $447 billion jobs bill he has sent to Congress.  (Photo by Alex Wong/Getty Images)
WASHINGTON, DC - OCTOBER 06: U.S. President Barack Obama listens to a question during a news conference in the East Room of the White House October 6, 2011 in Washington, DC. Obama spoke about the $447 billion jobs bill he has sent to Congress. (Photo by Alex Wong/Getty Images) Photo: Alex Wong/2011 Getty Images

The bipartisan, bicameral, twelve-member super committee tasked with finding at least $1.2 trillion in debt reduction measures by Thanksgiving has reportedly gotten nowhere so far because Democrats won't budge on entitlement reform unless Republicans budge on new tax revenue. This scenario was super predictable. [AP]