It was born of failure, destined for failure. Congress, which for 30 years had been unwilling to match federal spending with federal revenues, expertly and predictably did what any astute politician would do - transfer responsibility to someone else and defer any unpopular decision – by creating the so-called Super Committee. No doubt, the committee will take its place in the Pantheon of Epic Failures alongside Waterloo, New Coke and Joanie Loves Chachie. Oh, and certainly don’t forget to include Gramm-Rudman-Hollings on that list. Remember that? The magnificent Budget Bill to End all Budget Deficits. Yup, big success that was.
With each passing day, and the $5 billion increase in the national debt that comes with it, my despair causes me to look closer and closer at the Tea Party. Yes, they’re flat out crazy on some economic issues, but, like the only girl in the bar at last call, Tea Party ideas on spending are looking better and better. If we are going to get serious about our children’s economic future, drastic measures must be taken now. I know my co-bloggers disagree, but the nuclear option - that is, default - should not be taken off the table. Better to suffer the consequences now than to feed the $15 trillion monster with further congressional cowardice.
The Super Committee is tasked with slaying the beast but armed only with spitballs - and unable to agree on how to use even those limited weapons. Ultimately, our only real hope is for the freshman Republican in the House to hold strong when the debt ceiling is voted on again. Let's just hope for some real courage and leadership this time.