It's official: The Supercommittee isn't super. It's a bust

A press release from Sen. Patty Murray and her supercomm co-chairman Rep. Jeb Hensarling acknowledge as much today.

Of course, they tried to put the best face on it possible, saying that they hope Congress can build on the work the supercomm did “and find a way to tackle this issue in a way that works for the American people and the economy.”

And in honor of Thanksgiving, they thanked the American people “for sharing thoughts and ideas and providing support and good will as we worked to accomplish this difficult task.”

Not sure how much good will is likely to continue, considering that the task was not accomplished. But, you know, they did need some kind of holiday reference, and it would've probably been inappropriate to suggest that this whole thing was a turkey.

To read the whole statement, go inside the blog.

Think you can cut the federal deficit better than those bozos in Congress? Here’s your chance to do it…at least on paper.

The New York Times has a new budget game with a series of options for various cuts. You might notice that some of the most popular solutions, such as eliminating earmarks or instituting medical malpractice reform, don’t get you very far, but reductions to entitlements like Social Security and Medicare do.