Tuesday, November 22, 2011
Blame Republicans, Democrats and Ourselves
Caroline Baum, BloombergCaroline Baum, a columnist for Bloomberg News since 1998, is the author of "Just What I Said: Bloomberg Economics Columnist Takes on Bonds, Banks, Budgets and Bubbles."It took a fictional jury of "12Angry Men"� 96 minutes to agree on a verdict of not guilty. Ittook "12 good people,"� as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours toproduce ... nothing. Just to put things in perspective, the Joint SelectCommittee on Deficit Reduction was charged with finding aminimum of $1.2 trillion in savings over 10 years....
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