It seems that the supercommittee (the US Congress Joint Select Committee on Defict Reduction) has failed to agree on $1.5 trillion in cuts over the next decade. In lieu of this “failure,” automatic cuts of $1.2 trillion will kick in. These cuts will be across the board, and will not result from the committee’s picking of winners and losers in the federal budget.

Read more on A Failure to Govern?…

Acton’s Kishore Jayabalan on Vatican Radio today. Summary:

The spectre of a hard Greek default and euro exit hung over a meeting of G20 leaders beginning in Cannes on Thursday. U.S. President Barack Obama said after talks with his French counterpart Nicolas Sarkozy that Europe had made some important steps towards a comprehensive solution to its sovereign debt crisis but needed to put more flesh on the bones and implement the plan. The world is counting on the G20 to find a way out of the crisis, before it begins spreading to other parts of the globe.

Read more on Audio: Jayabalan on the G20 Meeting…

Acton’s director of research, Samuel Gregg, has contributed his thoughts on last night’s debate to National Review’s roundup. He was disappointed by the candidates’ performances: “with the exception of Newt Gingrich, substance did not feature highly in this debate.” These debates tend to be about talking points and about subtle digs at your opponent, not the kind of serious debate we had at the Palmetto Freedom Forum, but Gregg says,

Read more on Samuel Gregg: GOP Candidates Must Debate Better…

President Obama wants his American Jobs Act passed immediately. You know this already—he made sure he delivered that message in his speech: “Pass this jobs plan right away” was his refrain. President Obama has definitely not read the Federalist Papers in a while. If he had, he would not be encouraging Congress to pass half-a-trillion dollars of new spending at a moment’s notice.

Read more on Jobs Act Usurps Liberty, Christian Charity…

The folks over at Think Christian asked me to write up a response to President Obama’s jobs speech from last Thursday. That response is now up over at the TC site, “The misplaced faith of Obama’s job speech.”

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Over at National Review Online, a panel of experts reacts to last night’s jobs speech by President Obama. Acton’s director of research, Samuel Gregg, was not encouraged by what he heard: a jumble of disproven Keynesian theories and strong-man rhetoric. Gregg’s commentary in full:

Read more on Samuel Gregg: Obama’s Speech Misses It…

Union leaders have been jockeying for position ahead of President Obama’s “jobs speech,” since the proposals he makes will be big opportunities for organized labor. AFL-CIO head Dick Trumka has asked the president to spend with abandon, and has reminded him rather ominously, “This is going to be a moment in history when our members are going to judge him.” Teamsters boss James Hoffa has called for the President to force companies with cash in the bank to spend that money on new hires.

Read more on Big Labor Dumps Rerum Novarum…

Back in February 2008, then candidate for president Barack Obama addressed a crowd at a General Motors Assembly Plant in Janesville, Wis. He said,

…I am my brother’s keeper; I am my sister’s keeper– that makes this country work. It’s what allows us to pursue out individual dreams, yet still come together as a single American family. E pluribus Unum. Out of many, one.

It is ironic that Obama preached a “we’re-in-this-together” economic philosophy yet three years later, Main Street is carrying Washington’s debt burden.

Read more on Who is My Brother’s Keeper?…

Essential reading on Jim Wallis by long-time observer Mark Tooley of the Institute on Religion & Democracy:

How does Wallis—the old Students for a Democratic Society agitator who touted the Vietcong in the 1970s and the Sandinistas in the 1980s, who denounced welfare reform in the 1990s as a betrayal of the poor, and whose funding by George Soros was exposed last year—enlist Catholic bishops and mainstream evangelicals in his endless political campaigns? “We’re frankly challenging leadership on both sides of the aisle on this one,” he recently told reporters. “If you’re going to come after the poor, you have to go through us first.” Famously a name dropper, Wallis mentioned his impending White House visit. He’d urged evangelicals to support Obama in 2008 and has carefully not burned bridges, despite passage of the ultimately bipartisan 2011 budget cuts against which he fasted.

Read more on Jim Wallis: From Sandalista to Champion of Big Government…

Over at CNN, Bob Greene has an opinion piece titled “4-star general, 5-star grace.” In it, he retells the story of how White House aide Valerie Jarret confused Four-star Army General Peter Chiarelli for a waiter. Greene said:

Read more on Leading by Example with Humility…