Chait cheers up:
Liberals widely assume they'll just get rolled once again [in the super-committee], as Republicans will insist on zero revenue, and Democrats will cave. I'm not so sure. For one thing, the trigger really is finally balanced. Last December, inaction on taxes meant an economy-crushing tax hike at a really bad time for Democrats. This summer, inaction on the debt ceiling meant economic cataclysm at an even worse time, the cost of which would mostly be born by President Obama. But the inaction trigger in the fall will be something genuinely painful to both parties.
In some ways, this agreement is the final nail in the coffin for neoconservatism. Meep meep?
The Dish 