Your editorial of 11-23 contains an error that cries out for correction. You say the congressional supercommittee was tasked to find a way to “reduce the U.S. government’s debt – which just exceeded $15 trillion – by $1.2 trillion.”
In truth, its goal was to reduce the federal deficit by $1.2 trillion over 10 years. This is a “paltry” $120 billion per year, less than 10 percent of the annual deficits we are currently running, and the members could not bring themselves to accomplish even that.
Had the supercommittee succeeded, we would still have been on track to add …