Friday, November 25, 2011
The Joint Select Committee on Deficit Spending failed to reach an agreement in time for its Thanksgiving week deadline. The so-called "Supercommittee" of six Republicans and six Democrats was created last summer to cut the deficit by more than one trillion dollars, or else automatic cuts would be triggered. Bob speaks to New York Magazine politics writer Jonathan Chait who says the Supercommittee wasn't a failure at all, it did exactly what it was designed to do.
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