From Dan Mitchell.

Reports the Washington Post.

Paula Priesse:

You’re an average American family, facing tough times. Credit cards are maxed, bills are past due and the family home is about to be foreclosed upon. If it meant avoiding financial disaster, think you could cut 5, 10 or even 20% from the family budget? Of course you could, because you’re not a bunch of self-serving morons. Which brings us to the “Super Committee”. They’re about to fail in cutting a PATHETIC 2.7% (1.2 trillion out of a projected 44 trillion) in federal spending over the next TEN YEARS. Only in DC could such arrogance & foolishness be called “super”.