OK, I’m not an economist, but I am a thinker. This ridiculous debt “super committee” can’t seem to get out of their own way. Both sides blocking each other, appears no one really wants a deal. So, now we have a “super committee”, which has done one thing so far…taken the best and brightest (insert gagging sounds) from a useless congress and made a super useless committee.
They continue to look at cutting this and cutting that, no one wants their pet projects or favorite programs cut. If they can’t decide on anything they should do this…cut EVERYTHING by 10%. 10% could be cut easily, the wasted spending and unnecessary procurement of our dollars is rampant. Here is a good example, the city of Columbia, MO has received well over 20 million dollars of federal funding to promote “non motorized” transportation…in other words, feet and bicycles. Talk about stupid.
And they keep talking about needing “increased revenue”, well that could come in the form of getting rid of some deductions. How about this, for one tax year NO ONE gets to write off anything, no work clothes, no mortgage, no kids, no charitable contributions (I don’t get this, are you donating for the cause or for the write-off)…nothing.
Along with a permanent 10% across the board cut by the federal government (states without a balanced budget in their constitutions should follow suit), and a one year moratorium on write-offs, would go a long way. I don’t have any figures on how much money would flow back into Washington, but it would be a lot, and every penny of it would have to go to paying down the debt.
The only way we are going to get out of this mess is for EVERYONE to feel some pain. Not some “super committee” picking and choosing who will feel that pain…based on their personal preferences.
Oh, and I forgot one major item. If congress and their drunken spending is how we got into this mess, and they routinely hav a 9% approval rating, then why the hell do we continue to re-elect the same inept knuckleheads every two and six years? Fire every stinking incumbent next November…which leads to another topic.