Congressional Super Committee Epic Fail

(2011-NOV-21) The United States hits $15 trillion in debt, which is up from $10.7 trillion when President Obama took office in January 2009. That is a 40% increase in our national debt in less than three years! And yet we keep spending. The national debt continues to increase approximately $3.7 billion per day.

The clock is ticking on the Congressional Super Committee to find a solution to make only $1 trillion in cuts on future spending limits over 10 years. In other words, the US debt will increase by $9 trillion instead of the projected $10 trillion. They must come up with a deficit reduction plan in time for the "non-partisan" Congressional Budget Office to score it by this Wednesday, and then Congress needs to vote to approve the plan before Christmas. If the Super Committee can't agree on a solution, and/or Congress can't pass the proposed plan, then another financial downgrade and potential meltdown is on its way.

I pray that our Congress does what is in the best interest of the country, but have little hope that we will see that happen at this time. We all need to pray that our country survives the worsening financial crisis. Maybe next time we will get a Super-Duper Congressional Committee!?

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