Sacred Cows and the Super-committee
If nothing else, the failure of the super-committee has taught us a valuable lesson about deficit reduction--how to slaughter sacred cows. What the super-committee did, in effect, was line up all the sacred cows together and slaughter them en mass. (Presuming, of course, that Congress won't find some way around it. People do fight for their sacred cows, after all, or they wouldn't be sacred cows.) Cutting any one of those items individually would have required a large and bruising battle on Capitol Hill. Cutting them together happened with a whimper.