[BITList] US debt solving - a joke anyway you look

[x50type at cox.net]

This so-called supercommittee cannot agree on reducing the US debt by $1.2 trillion over 10 YEARS.
The debt now stands around $15 trillion so even if they could agree it would take 15/1.2 x 10 years to reduce to zero.
If my calculation is correct it will take 125 years...............................i.e. 2136...!
may as well not bother, the supercommittee charade is not worth wasting time on.
ct



Debt supercommittee members brace for failure
 
View Photo Gallery —  The bipartisan group faces a Nov. 23 deadline to agree on a debt-reduction plan.

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By Felicia Sonmez, David A. Farhenthold and Paul Kane, Sunday, November 20, 1:39 PM 
Admitting gridlock was at hand, lawmakers on the so-called supercommittee cast blame and pointed fingers at one another Sunday as the panel’s leaders prepared to formally acknowledge their failure early this week, bracing for the reaction from financial markets.

Using the weekly Sunday political news shows as their outlet, Republicans and Democrats on Congress’s special deficit committee did not officially throw in the towel on their mandate of finding $1.2 trillion in savings before Thanksgiving. However, most of the lawmakers spoke of their efforts in the past tense and said it would take something akin to a miracle to reach a deal, which unofficially must be unveiled before midnight Monday to meet the panel’s parliamentary rules.










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