The Supercommittee’s failure is the least surprising news in a long time. Don’t believe me? Check the Treasury bond yields. Interest rates on government debt actually went down a little, which means nobody buying bonds thought this was a big surprise. And said yields are at historical lows, which means that investors around the world still thing U.S. government bonds are the safest investment around.
And yes, I prefer to think of Supercommittee as one word. I like the irony of structuring the word Supercommittee like Superman.
It’s time to bring back http://slowclapforcongress.com/
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