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It is all over the news that the Supercommittee is about to make its report. There is great fear that the task is so daunting that even these giants of the congress may be stymied by it. Nevertheless, they are nobly doing what is, unfortunately, probably their best.
Critics should keep in mind the enormity of the task. They are being asked to propose a plan that would, if followed for ten years, reduce the cumulative deficit by 1.2 trillion dollars!
When you factor in the fact that the current one year deficit is 1.3 trillion you can fully appreciate how far into the theater of the absurd we have come.
They hope to plan to promise to reduce the total ten year deficit by less than the amount of the current one year’s deficit!!
and these clowns don’t seem to be able to do it.
Is it time for ALL OUT?
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Future Versus Past: Palestine, Russia, Freedom.
2 hours ago
Wayne, the Supercommittee must reach an agreement -- it MUST -- because of how Draconian the automatic spending cuts are if the Supercommittee fails. To see what I mean, go here http://mercatus.org/publication/federal-spending-without-sequester-cuts.
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