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By Ellen Brown:
It is no great surprise that with only days to go, the Congressional “supercommittee,” given the Herculean task of carving an additional $1.2 trillion out of the federal budget, has failed to reach agreement. Why should six Republicans and six Democrats with diametrically opposed views agree in a few weeks, when Congress couldn’t shake hands on it after months of wrangling, despite the guillotine blade of a federal default hanging over their heads?
Whether the supercommittee reaches agreement or not, however, the deficit hawks win.