Since the “supercommittee” superfailed to live up to its name, what should we call them now? How about the Do-Nothing Dozen? The sum of their work certainly adds up to zero. Twelve members of Congress — six House members and six senators, six Republicans and six Democrats — were appointed in August to try to find at least $1.2 trillion in deficit reductions. The group gave up Monday, agreeing only to do, well, nothing. Technically, the group’s three-month assignment ends today, the day before Turkey Day. Never let it be said that Congress lacks for a wicked sense of humor. But since it actually does take a couple days to write legislation, Monday was effectively the group’s deadline. To call the effort pitiful and disappointing borders on understatement. By playing to their bases, committee members reinforced the same partisan divide that they needed to transcend/Kevin Richert, Statesman. More here.
Question: Are hopes of a solution to our debt crisis gone now that the supercommittee has superfailed?