The Case for Doing Nothing

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.”