Stan Collender is amazed by the gall of the debt committee:
The anything-but-super committee was set up because the regular committees and legislative process could not agree on what to do about the deficit. But rather than make those decisions, the super committee may decide [NYT] that the best way to deal with this situation is to throw it back to the two tax-writing committees that, because they were unable to come up with a plan in the first place, gave the job to the super committee.
Jared Bernstein worries about the consequences:
If the Supercommittee fails and Congress takes apart the trigger, that could send a worrisome message to markets that our politics are even more dysfunctional than people thought.
The Dish 