By LEE HAMILTON, Center for Congress
The failure of the congressional “supercommittee” to reach an agreement on reducing the deficit was not just bad fiscal news. It was a significant failure of political leadership.
Not only did the committee move us one step closer to a genuine fiscal crisis, but also it put the dysfunction of Congress on full display. At a time of great economic stress, its members lost sight of what failure would cost the country in lost economic growth and foregone job creation.