Good for a bipartisan group of more than 150 members of Congress for urging the “supercommittee” to go big on deficit reduction. The committee is tasked with crafting at least a $1.2 trillion deficit-reduction package, but the bipartisan group wants a $4 trillion package. Ironically, going big can actually make it easier to reach an agreement, because both sides will have to make significant concessions, making the deal seem more fair. However, even though some Republicans and Democrats are starting to show a little flexibility and reasonableness on raising taxes and trimming entitlements, most still care more about ideological purity than real results.
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