MoneyWatch) COMMENTARY Pop open the champagne -- the "supercommittee" blew it.
What's to celebrate? First, the congressional panel charged with reducing the federal deficit by $1.2 trillion over 10 years was likely to do more harm to the U.S. economy than good. That's because lawmakers were poised to chop spending on everything from education and environmental protection to law enforcement, child care and science research.
By: Alain Sherter