A couple of weeks ago, I had a conversation with a prominent--and not normally excessively optimistic--budget expert. This person offered me two reasons to hope that the Supercommittee in charge of finding budget cuts would choose to go big rather than go home.
1. They would be extraordinarily foolish to pass up this opportunity; the Supercommittee has a great deal of power to do things that are normally very difficult to accomplish.
2. There had been no leaks; if the talks really weren't going anywhere, both sides would have been leaking like sieves.
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