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Halperin: No leadership to make deficit cuts happen

The bipartisan super committee appears poised to admit defeat after the group's talks to find $1.2 trillion in deficit cuts appears to have crumbled. Fortune's Andy Serwer joins Morning Joe to discuss why the talks have broken down, and why some GOP members feel trapped by Grover Norquist's tax pledge. Dr. Jeffrey Sachs also shares some new charts.