Tuesday, November 22, 2011
What Super Committee?
It seems the so called committee that was going to save the U.S deficit crisis (yeah right) ended up doing nothing. And those so called triggers that would have come into effect in order to force politicians to work together was a big joke apparently, because since most automatic spending cuts are going to take place in 2013 the politicians can actually change the law to make the spending cuts zero. So no Harm no fowl right! Wrong the Super committee should have at least cut by 1.2 trillion over two years, and quite frankly that's nothing. They need to cut the deficit by 10 trillion over the next ten years to balance the budget. That means ten times the amount the super committee can't even accomplish. This is going to be very interesting how we go from here.