The Washington Post used a front page, above the fold article, to complain that Congress and President Obama had not done as much as it would have liked to reduce the deficit. What the Post failed to reports is that many people around Washington and across the country applauded this failure as a great victory.

Even Politico can’t spin the GOP’s intransigence in their ‘insiders’ writeup of what happened on the Stupid-Committee. Seeking faux balance, the reporters claim new bipartisan friendships, but as usually, the examples describe a one-way street.

Now that the Super Committee has failed — or succeeded — by doing nothing, the media are starting to notice that doing nothing would slash the federal deficits far more that anything the Committee, Catfood Commissions or White House have been proposing.

President Obama promised to veto any Congressional attempt to undo the trigger of spending cuts from the Super Committee’s failure. But he’s left unclear how Congress can be induced to renew unemployment benefits or other stimulus measures.

For some reason, lots of commentators are making a major assumption that cannot be proven, claiming that any Super Committee deal would have included extensions of expiring stimulus measures like unemployment benefits and the payroll tax cut. I have no idea what the basis for this is other than mere assertion.

I tweeted last night, “When bad news from Europe tomorrow makes stocks tank, and the idiots in DC blame it on Super Committee fail, could someone correct them?” Apparently, no one told the AP or Washington Post, who insist the Super Committee Fail is driving down the stock markets.

Today’s headlines feature the imploding Euro system, the misreading of the Super Committee’s failure to make the US economy worse, leadership changes in Spain, a mind numbing GOP discussion of religion and more.

Sadly (well, not really, but we’re in Village-narrative land with this post, so) the Stupid Debt Super-Committee won’t reach agreement by its “deadline” of this coming Wednesday. As part of its contribution to stoke the crisis narrative in Village Washington, enabling Very Serious People to pretend their concern about the Stupid-Committee actually matters in a nation otherwise beset by record income inequality, vast unemployment, continuing foreclosures, soaring, unforgivable and undischargeable student debt as well as widespread hunger and poverty, the online edition of The Washington Post (WaPo0) has prominently displayed on its digital front page a Deadline Clock.

I was on Mark Thompson’s show on Sirius XM radio on Friday, and I said at that time that there’s a better chance of Herman Cain knowing what he’s talking about on Libya than the Super Committee coming to a deal. And indeed, I will not be proven wrong. It’s clear that the Super Committee will go down to defeat as early as tomorrow, with an announcement that they could not reach agreement on a deficit reduction deal. In the end, there was no reason to reach a deal. There’s an election next year, and both sides want to use key elements to any deal in their pitch to voters; broadly speaking, Republicans want to be the party to protect your tax rates, and Democrats want to be the party to protect Medicare. Both those items were imperiled by a deal, so there could be no deal.

The gentle sobbing of Erskine Bowles and Alice Rivlin and Alan Simpson and Pete Domenici will be heard across the land.

The failure of the Super Committee will not guarantee the protection of our social safety net. This is, by my count, at least President Obama’s fourth attempt to get a “grand bargain” to cut entitlements, so there is no reason to believe he will stop trying now. But the failure of the Super Committee would push any new attempts to get a bipartisan “grand bargain” into next year; and as the 2012 election gets closer, the possibility that both parties will agree on anything becomes even more remote.