Well our “Super Committee” is still deadlocked in their effort to trim $1.2 trillion in federal spending. The deadline is Wednesday. That means they have just two days left, since they don’t plan to work through the weekend.
House of Representatives Speaker John Boehner floated an offer to try to break the logjam on tax increases and benefit cuts. The plan would save $643 billion over 10 years, about half of the panel’s goal of $1.2 trillion, but the two sides were unable to even agree what was in the plan. Read More at Reuters
By late Friday, aides said no further meetings were planned. Saturday also looked to be quiet, though members of the panel were gearing up for verbal combat on Sunday morning TV talk shows.
And that seems to be what it’s all about – boosting their egos and protecting their interest.
If they fail to do their job, it will not lead to a government shutdown or a sovereign debt default. Instead, automatic-spending cuts of $1.2 trillion over 10 years, split evenly between military and domestic programs, would kick in starting in 2013.
These folks aren’t doing the job we elected them to do. So, should we even care if they don’t reach some sort of compromise that they may not even understand in the end?
How could anyone deny that we need to make spending cuts, automatic or otherwise?
I guess there’s the fear that the programs that get cut will be the ones that we think a particular group needs.
Well if we are going to enjoy financial stability at any level, we will all have to tighten our belts.
Look at what’s happening. We have a so-called “Super Committee” trying to come up with a plan to cut 1.2 trillion over 10 years and they are inept. Meanwhile, our country is in debt for $15 trillion. Do we need a super bowl committee? Are we going to appoint a “Super Duper Committee” or will we wait on Super Man?
I don’t think he’s coming, he may not even be out there.
You know it’s just possible that it’s up to us.
And I don’t mean we should take the ninety nine percent route of camping out in our parks for ninety-nine nights or blocking traffic in hopes that our government will redistribute the wealth.
The national reports conjure up heady folks making an impact on the world as they take on economic inequality and corporate irresponsibility. Read More at MBJ
Not likely, since nearly half of Congress members are millionaires – a status shared by only one per cent of Americans. According to a new study, at least 249 out of Congress’ 535 members are millionaires.
What do you think we should do?