Super Yawn

Let the big freak out over the impending failure of the super committee to cut a deal begin!

Here’s the thing – if no deal is reached, then sequestration happens and automatic cuts occur.  Those cuts amount to $1.2 trillion over a ten year period (peanuts) and they’re not even real cuts – they’re reductions in planned spending increases.  Does that even mean anything when the current Congress can’t hold future Congresses to the deal?

In short, I’m less concerned by the “failure” of the super committee and more concerned that we had the super committee fobbed off on us at all in exchange for enabling Obama to increase the debt limit.  It was a sham from the beginning.


About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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