Super Committee Deal Not Reached: Obama Addresses Failure (VIDEO)

President Obama is set to make a statement from the White House briefing room at 5:45 p.m. on Monday, following news that the congressional super committee has failed to reach a deal to cut at least $1.2 trillion from the budget over 10 years.

The news of the super committee's inability to break in impasse comes as little surprise, as deep partisan divides over new revenue and cuts to government benefit programs like Medicare have long been expected to prevent the body from coming to an agreement.

The Associated Press reports on some of the consequences of the unsuccessful move:

With the collapse of the deficit-cutting supercommittee, Congress' emergency backup budget-cutting plan now is supposed to take over – automatic, across-the-board spending reductions of roughly $1 trillion from military and well as domestic government programs.

But the big federal deficit reductions that are to be triggered by Monday's supercommittee collapse wouldn't kick in until January 2013. And that allows plenty of time for lawmakers to try to rework the cuts or hope that a new post-election cast of characters – possibly a different president – will reverse them.

There is plenty of cause for concern after the failure, Arthur Delaney and Ryan Grim report. Programs like unemployment insurance and Medicare could face larger cuts because of the super committee's decision to punt.

Comments

[Sabra Bruning]

02:57 PM on 11/24/2011

@Steven Erickson

If you "support OWS" then do you approve of their 1) destruction of private property;
2) obstructions to access to businesses; 3) costing taxpayers nearly 15 million to date; 4) urinating and defecating in nearby plantation; 5) open distribution of drugs; 6) general rabble-rousing nature with no real objective or agenda??

This whole thing is a rabid negative. It will produce NOTHING of lasting value.

But I could be wrong.

[bentpan]

11:03 AM on 11/22/2011

Obama has finally said something I agree with and hopefully he'll follow through, it appears the auto cuts are the only way our government will at least slow down the hemorrage that is fed. spending, Any politician that attempts to circumvent these cuts (Dem. or GOP ), their constituents need to take a hard look at.

[Sabra Bruning]

02:58 PM on 11/24/2011

Any politician that doesn't agree to slash govt spending to the bone should be out on his ear.

[bentpan]

06:59 PM on 11/24/2011

You are so right, Unfortunately politicians left and right are more concerned about reelection than being responsible
Americans.

[mdat]

09:59 AM on 11/22/2011

I normally oppose everything Obama does and says, but this time, I'm with him! The only way our congress will do anything about deficit reduction is to hold a gun their heads, and if Obama is serious(which I still doubt), then put it to them!!
Anf we conservatives don't like it, we need to flood the polls and vote in people that are really serious about deficit reduction and work at this like our country's existence depends on it(because it does!)

[BLOOMHILDA]

09:44 AM on 11/22/2011

This is very important to the Americans why wait until MONDAY, do your job that the American Tax Payer is paying for and don't put the blame completely on the Republicans. I have not heard in all my years with good and not so good presidents made their speeches blaming the other party as often as this one does. God Bless America, God Bless the Real Americans and Have a Happy Thanksgiving.

[georgechevrolet]

09:39 AM on 11/22/2011

Of course they failed, anything good for us never gets through but if it were another free trade deal with another banana republic that sends more of our jobs away they would all be slapping each other on the rear ends congratulating each other on a "job well done" and calling it a "great success"......phoneys!

[tpshd1981]

07:06 AM on 11/22/2011

The American People are done with Obama's Blame Game. Whats next Goverment shut down in December. Maybe more sign it before we read it?

[Vernie Taylor]

11:56 PM on 11/21/2011

For now, nothing can or will get done because we are coming quickly to the 2012 election and, if the Repubs were to actually attempt to compromise with Dems to save the economy, reduce the debt, and create jobs, that actually might serve the president's re-election, ... beside it would fly in the face of their real objective,... which is to make Obama a 1 term president. Nothing else really matters, certainly not the American people.

[Michael D Ballantine]

11:40 PM on 11/21/2011

What is he going to say? Sorry, I was out trying to raise a billion bucks and I dropped the ball? Seriously, is he the President or not. If he is the President, he needs to start doing his job and stop begging for money all day.

[Sabra Bruning]

09:39 PM on 11/21/2011

To merryterry: We entered the land of "Crazy" a long, long time ago!!

[satyrday]

09:16 PM on 11/21/2011

This is a good thing because:

a) Austerity is exactly what we don't need right now, and

b) Now the republicans finally have some incentive for REAL negotiation, as they try to stop the military cuts that are going to happen. The finally have some skin in the game.

[satyrday]

09:22 PM on 11/21/2011

They*

[cdavispapa]

08:48 AM on 11/22/2011

obama wanted this to fail from day one, so he can blame GOP in his campaign. he has nothing else.

[satyrday]

08:51 AM on 11/22/2011

Obama is smart enough to know Republicans won't help him with anything. So if he made 'failure' work out for us, then that's a good thing.

[cdavispapa]

09:04 AM on 11/22/2011

not for the folks that wants a job, now the welfare people is happy.

[lukylip98]

09:02 PM on 11/21/2011

When Chris Mathews doubts his leadership abilities and says he is detached from Congress, it may be the end of the media love affair. You can't run own hope and change this time around. You have to run on your record and it has failed to this point.

[Sabra Bruning]

03:03 PM on 11/24/2011

Oh, please............but thanks for the chuckle today.

The media will ramp it up worse than the first time. Stay tuned
for the sequel to the Obama Love Fest, the original.

And it will make us puke this time, too.

Run on his record?.............oh, my sides are hurting!

[airforcevet43]

08:31 PM on 11/21/2011

For the GOP when 1% isn't enough then how about just one (Grover Nordquist)........Even Abramoff can't believe it!

[misirly]

08:22 PM on 11/21/2011

NEWSFLASH Bush is not our current Pres. Obama is when reading some of these postings it seems like some people are unaware of this, and by the way he was elected over 3years ago. Just thought some people need to know that information.

[airforcevet43]

08:32 PM on 11/21/2011

Maybe you shouldn't be so quick to forget who's mess this is.......it might provide some humility for the clean-up!

[cdavispapa]

08:50 AM on 11/22/2011

it got worse after bush,

[steve siravo]

07:33 PM on 11/21/2011

Obama's own words

What the American people hope -– what they deserve -– is for all of us, Democrats and Republicans, to work through our differences; to overcome the numbing weight of our politics. BARACK OBAMA, State of the Union Address, Jan. 27, 2010

Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek.BARACK OBAMA, speech, Feb. 5, 2008

I don't want to pit Red America against Blue America. I want to be President of the United States of America.BARACK OBAMA, speech, Nov. 10, 2007

What Washington needs is adult supervision.BARACK OBAMA, fundraising letter, Oct. 2006

With the magnitude of the challenges we face right now, what we need in Washington are not more political tactics -- we need more good ideas. We don't need more point-scoring -- we need more problem-solving.BARACK OBAMA, press conference, Mar. 17, 2009

I could go on and on and on with these but apparently the defiect is does not pertain to any of these quotes for him.

[rowdiman]

08:49 PM on 11/21/2011

Until he finalizes his micro-chip implants for those he wishes to "control", you can't say the guy hasn't tried to be the Adult in the room for the last 3 years.

[BeatlesPrudence]

08:46 PM on 11/22/2011

Adults don't make behind closed door deals, break promises, push through bills without proper review of such said bill, has to be the center of everything everyday...

[fitzbeerman]

07:23 PM on 11/21/2011

Glad to see Obama could come back home now to try and blame someone for this. WHERE WAS HE? Oh yea, out running around as usual, pretending to be someone important.

[airforcevet43]

08:33 PM on 11/21/2011

When the POTUS isn't important.....I guess the GOP thinks one man with one pledge is!

[fitzbeerman]

06:56 AM on 11/22/2011

This is important only in his own mind.

[rowdiman]

08:50 PM on 11/21/2011

Meeting with China is important.

[fitzbeerman]

06:57 AM on 11/22/2011

He must be trying to sell them the rest of America before he leaves office.