Presidential hopeful Newt Gingrich said Monday that the "collapse" of the congressional supercommittee tasked with finding $1.2 trillion in debt reduction over the next 10 years was "good for America."
"I think it's going to fail,” Gingrich said at a campaign stop at Rivier College in New Hampshire, according to MSNBC. “And I think it should fail, because it's exactly wrong.”
"It's not that Washington is inherently gridlocked,” Gingrich said. “It is that the current players are behaving in the current way are inherently gridlocked. It's partially president's fault, partially Congress's fault, but it's a mess.”
"They were trying to break out of the mess by being, in my judgment, even dumber — that is, creating a committee of 12 picked by the political leadership to magically get in a room to come up with something that 535 couldn't solve. It's profoundly the wrong direction."
Gingrich went on to attack Obama, saying his administration had "a 16-year-old with the first credit card kind of problem."
He also played up his performances in the Republican primary debates, arguing that he would be the best choice to square off against the president in the general election.
Gingrich leads the Republican field with 22 percent of support in a national poll from USA Today/Gallup, released Monday morning.
Gingrich's fellow Republican presidential contenders have also been critical of the panel. Former Massachusetts Gov. Mitt Romney Sunday said that he would oppose any agreement that raised tax revenues.
Rep. Ron Paul (Texas), however, blasted the supercommittee Monday for failing to achieve significant deficit cuts, saying the lack of a deal "shows how unserious politicians are about our very serious debt problems."