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escribacat On November - 21 - 2011

Worldwide debt
Today the so-called “super committee” failed to reach agreement on how to reduce the U.S. deficit. Here’s how the major news outlets presented the story.

ABC News

President Obama said today he will veto any efforts to get rid of the automatic spending cuts that will be triggered by the supercommittee’s failure to reach a bipartisan solution to deficit reduction.

New York Times

WASHINGTON — The latest Congressional failure to agree on a plan for balancing the government’s books could yield a surprising result: a sharp reduction in annual federal deficits, larger than anything contemplated by the special panel that reached its fruitless finale on Monday.

MSNBC — from AP

WASHINGTON — Don’t look for the Pentagon to shut down one side of its famous five-sided building. Don’t expect the Education Department to pull back its grants just yet.

CBS News

After more than three months of negotiations, the congressional supercommittee announced Monday that it would not be able to reach a deal to reduce the deficit by the group’s midnight deadline, citing “inability to bridge the committee’s significant differences.”

CNN

Washington (CNN) — President Barack Obama and congressional leaders traded blame Monday for the failure of the congressional “super committee” to forge a deficit reduction deal, but they also called for Congress to work out an agreement before painful automatic budget cuts take place in 2013.

Washington Post

A special congressional committee created to try to curb the national debt abandoned its work and conceded failure Monday, the latest setback in a long effort by Washington to overcome ideological differences and stem the rising tide of red ink.

Fox News

After months of bipartisan debt-reduction talks, the Super Committee said Monday that it will be unable to agree on terms to save $1.2 trillion over 10 years by tonight’s midnight deadline.

Huffington Post

WASHINGTON — An ill-conceived scheme to make an end run around public opposition to major spending cuts to entitlement and social programs has foundered, with leaders of both parties huddling through the weekend to come to terms on a joint explanation for the spectacular failure of the super committee.

Categories: News & Politics, The Media

27 Responses so far.

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  1. Kalima says:

    Welcome back e’cat. Rashomon has been greatly missed, it’s good to see it back, and thank you.

  2. E’cat, Kudos for choosing such a fitting title for the media’s mishegas! Rashomon indeed! Truth is the abandoned infant!

  3. agrippa says:

    I expected this talking shop to ‘fail’. I see no reason to expect anything else as none of them can agree on anything. They may even didagree on the time of day.

    I think that PBO has played this well.

  4. Weirdwriter says:

    Excellent job, escribacat! I’ll have to catch up on the rest of the epic tale, now.

    Lawrence O’Donnell tonight made a good argument that the outcome of this stalemate is actually a win for President Obama — the entitlement programs were largely sheltered from the deeper cuts they might have gotten under the supercommittee, and if Obama does nothing at all the Clinton tax rates will return and start bringing in revenue, finally.

  5. Emerald1943 says:

    Hey e’cat! From the sounds of this, I’m really sorry to have missed Volume #1! Kinda’ puts things into perspective, don’t it! :-)

  6. kesmarn says:

    Hurray for the return of Rashomon, e’cat! Brilliant as always.

  7. KQuark says:

    Return of the Daily Planet and Roshomon. Not bad for a Monday.

  8. bito says:

    Great work e’cat, ole Rasho has been missed and what would us libs ever do without that liberal HuffPo? 😆 A collection of Ziggy cartoons has more truth in it than their headlines and stories, hands down.

  9. AdLib says:

    WOO HOO!! The return of Rashomon!!! Love it Escribacat!

    As usual, HP pours on heaping helpings of hot button adjectives where most other news organizations seem to somehow tell the same story without them.

    This was a brilliant response by Obama, he and the Dems are finally negotiating from a position of strength and slapping the Repubs’ hands, “Ah-ah-ah, no you can’t just cheat on your test!”

    Very pleased with Obama…and having a new edition of Rashomon!


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