Washington, D.C. (CNN) - One of the oldest axioms in politics is that you should never let a good crisis go to waste. Now that the hopelessly divided deficit reduction super committee has failed, it is apparent to just about everyone that Washington has a serious crisis of governance.
Question: What - if anything - will President Barack Obama do about it? With the 2012 election season already under way, should he assume a deal is impossible and use the panel's failure as a campaign weapon? Or is he better off knocking heads together on Capitol Hill and trying to ram through a deal that will prevent unpopular automatic spending cuts from taking effect starting in 2013?FULL STORY