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The Case for Doing Nothing

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First Read: “The Super Committee’s inability to reach a deal triggers $1.2 trillion in cuts over 10 years in military and civilian spending. That’s on top of the nearly $1 trillion Congress cut to raise the debt ceiling in the summer. And consider this: If Congress and Obama let the Bush tax cuts expire — all of them — that would produce another $4 trillion in deficit reduction over 10 years. So if Congress ends up doing NOTHING, you could see $6 trillion in deficit reduction. That said, efforts are already underway to restore military spending cuts, as well as those Bush tax cuts.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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