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- The supercommittee is struggling.
This so called supercommittee, wont figure anything out either. The automatic deductions will kick in and that will be that. Washington is broken.
The "Supercommittee" was a ridiculous dodge in the first place. The Democrats for some reason are afraid to tell everyone what everyone serious already knows; cutting government spending in the depths of a Depression is really the only way to make things worse. Although most living Americans haven't ever experienced a worse economy than we have now, all we have to do to have that experience is start trying to balance the Federal budget. That's the Supercommittee's task; how to take a bad economy and make it much, much, worse.
The people who think we need to have a massive Depression in order to "fix" the economy are either compulsive sado-masochists or they don't understand how the economy works with the Federal Reserve system, our having the world's global reserve currency, and the simple fact that most of what we call "Federal Debt" is what most of us also call "US Bonds we hold in our retirement accounts."
End the Supercommitte charade immediately and start telling Americans the truth about how the economy works, for a change. It's obvious most of us simply don't understand it, or there wouldn't be any support at all for cutting our own throats to cure our economic cancer.
Same old, same old. More broken government for the sake of ideology. The supercommittee was a waste. All it did was change the circus to a different venue.
$1.2trillion over 10 years would be $120Billion a year. I find it hard to believe that you cannot look at the US current budget and not find this amount. Look at all the waste in the stimulas packages. Does anyone believe that the current government(not blaming administrations)does not allocate a large amount of money to programs which they have no clue to what they are actually funding? Here is a grant to study xxxxx or yyyyy. It would be nice if politicians actually had to know exactly what they were funding.
If they won't look at increasing revenues through taxes on the wealthiest Americans, they are doomed to failure.
Look at the make up of the committee. It was designed to fail.
We don't need more taxes. We need more tax payers.
The Endless War budget is off the table thanks to Dem Patty Murray and Repub John Kyl. The US spends more on war than the next 17 other nations combined.
@foretherecord - Do you believe that is the only answer? Expand your mind here and tell what other options you would be open to if tax the rich is not part of the solution. I would prefer to see the entire tax code scrapped. It is far too complicated for most americans. Go to a flat consumption tax with no loopholes. EVERYONE pays the same rate.
Super committee of no decision. Could have told you that. Nobody wants to work in Washington! Let alone agree on anything. It's disgusting.
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