Export-related jobs are a huge and important driver of the U.S. economy, and the record of the Ex-Im Bank is clear: Using private funds and with minimal exposure to taxpayers, it has been a major driver of U.S. exports and a driver of jobs and corporate profits in the United States.

House Republicans have broken the hugely successful spectrum auction authorization first effected in 1993 and also delayed for many years any possibility that digital broadcast spectrum that is almost entirely unused can be repurposed to serve the growing demands for wireless broadband.

Many commentators have noted that if the Super Committee fails, the sky will not fall, at least not immediately. The sequesters that would be triggered do not take effect until 2013, after all. Here is the starker reality.