Supercommittee Fail Brings Deeper Deficit Problems

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WASHINGTON - Finger pointing continued a day after the congressional supercommittee failed to reach an agreement on major budget cuts.

The failure triggers a number of new battles Americans can expect to see in Washington during the next year.

Members of Congress have left Washington for the Thanksgiving holiday. For those hoping for major spending cuts or even tax increases, there's little to be thankful for.

But some conservatives say the failure of a committee that was contemplating tax hikes is a major victory for America's prosperity.

"If Republicans go for raising taxes, they will be accomplices to an economic train wreck that is just around the bend," said Brent Bozell, chairman of the group ForAmerica.

Next month, members must decide whether to extend the expiring payroll tax cut.

They must also consider extending unemployment benefits, allowing an average of $300 a week for the unemployed.

Meanwhile, the bitterness that's consuming Washington is spilling outside the beltway. During a trip to New Hampshire to push extending the payroll tax cut, protestors disrupted President Obama's speech

Supporters tried to drown them out with chants of "Obama!"

"Listen. I'm gonna be talking about a whole range of things today and I appreciate you guys making your point," Obama said. "Let me go ahead and make mine and then I'll listen to you and you listen to me."

The supercommittees failure triggers deep automatic cuts to the Pentagon and programs like Medicare. The president has vowed to use his veto pen against any attempts to alter the cuts.

"There will be no easy off ramps on this one," he said.

As the spending debate continues, conservative groups are putting enormous pressure on Republicans to hold the line on all attempts to raise taxes.

"If Republicans compromise on any tax increases, they will suffer the same fate. They will be out next November," Bozell said.

So will the new year usher in more civility? Most experts say don't bet on it.

The supercommittee's inaction ensures spending cuts and taxes will become an even bigger issue in the 2012 presidential race.

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