Many people are lamenting the failure of the congressional “supercommittee” to come up with an agreement on ways to reduce the runaway federal deficits. But you cannot judge success or failure without knowing what the goal was.
If you think the goal was to solve the country’s fiscal crisis, then obviously the supercommittee was a complete failure. But, if you think the goal was to improve the chances of the Obama administration being reelected in 2012, it was a complete success.
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