Ron PaulThe so-called SuperCommittee charged with finding $1.2 trillion in cuts over a 10-year period beginning in 2013 found its Kryptonite: itself. The members of what is officially known as the "Joint Select Committee on Deficit Reduction" admitted defeat in a November 21 press release where members stated, "We have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline."

A harshly critical new report by congressional investigators says that despite spending close to $60 billion on the Transportation Security Administration (TSA), screening is based on “theatrics” that has failed to catch any terrorists, while passengers and crew are still the most effective line of defense. Air travel, meanwhile, is no safer than it was before September 11, 2001.

House Minority Leader Nancy Pelosi (D-Calif.) claims that the unemployment rate would be 15 percent in the absence of President Barack Obama’s “stimulus” law, but Bureau of Labor Statistics (BLS) Commissioner Keith Hall says he’s seen no study to support Pelosi’s assertion.

Anyone trying to figure out why Americans don’t trust their elected officials need look no further than an October 17 New York Times article. Entitled “Farmers Facing Loss of Subsidy May Get New One,” the William Neuman-penned piece reports that “in the name of deficit reduction,” Congress, backed by “major farm groups,” is considering eliminating a $5 billion farm subsidy — only to turn around and enact another farm subsidy costing almost as much. “In essence,” observes Neuman, “lawmakers would replace one subsidy with a new one.”

Many observers of the political scene suspected that the creation of the congressional deficit-reduction supercommittee was just a sham to allow legislators to increase the debt ceiling while giving the appearance of being serious about long-term deficit reduction. With each bit of news that trickles out of Congress, such suspicions are being borne out.