Three Reasons Why It’s Better for the Economy if the Super-Committee Fails to Get a Deal

[Playinghardball]

Source: BuzzFlash

Last Thursday's Washington Post headline blared: "Debt panel's lack of progress raises alarm on Hill."

In fact, it is far better for everyday Americans if the so-called Super Committee fails entirely to get a deal.

The overarching reason is simple: any deal they are likely to strike will make life worse for everyday Americans - and worsen our prospects for long-term economic growth.

Of course that's not the view of many denizens of the Capitol, who are still obsessed by the notion that it is critical for the Congress to produce a "compromise" that raises revenue and cuts "entitlements." There are three reasons why these people are wrong:

More at: http://blog.buzzflash.com/node/13100

[TheWraith]

1. Meh.

I don't think it's necessarily better if they don't get a deal, but then again, I don't think they'll get one anyway.