Thomas Sowell identifies the true and only significance of the "super committee," which ended its negotiations in failure. Supposedly draconian cuts are to follow, which naturally will not transpire. All that has happened is that blame for reckless spending will shift from the party that spent it onto the party that for the most part opposed it.
Imagine that there had been no Super Committee in the first place. Who would be blamed for the country's fiscal crisis? The overwhelmingly Democratic Congress that voted to spend the money which increased the deficits more during the Obama administration than in the eight years of George W. Bush.