Sunday, November 13, 2011

Supercommittee Approaching Deadline

Tick, Tick, Tick: It's not that clock on "60 Minutes". It's not the debt clock striking $15,000,000,000,000 (I think that's 15 trillion). It's the time ticking away until that Congressional "supercommittee" faces its deadline to agree on at least $1.2 trillion in cuts over the next decade. The deadline is set for November 23rd, the day before Thanksgiving. It will likely be comical (except for the fact that it will be so sad) to watch the fighting to reach this agreement over the next week or so. I mean, sure, $1.2 trillion is a TON of money, even more than Albert Pujols will get in his next baseball contract. But let's be honest here, the country's debt is nearly 15 times the amount the supercommittee is trying to reach. 15 times! If it is this difficult to agree on this piddly amount (relatively speaking), how on earth will our country's leaders agree to wipe away that debt? And if we "only" do $1.2 trillion over 10 years, it would roughly take a century-and-a-half to clear away the rest of our debt, right? Maybe my math is way out of whack here...I hope it is...but that's the way it adds up to me. This surely can't be what's best for us, is it?

1 comment:

jdat747 said...

No, its not. That's what Ron Paul and others like him have been trying to explain for the last 40 years.

Life is good as long as you can run up more debt. Life sucks when its time to pay it back. (ask Greece or Italy)

Life is more stable and secure if you just pay as you go.