Fixing The National Debt Crisis - Three Options That Minimize Our Politicians' Incompetencies
Most Americans seem to be pretty disgusted with the fix the debt ceiling fiasco that the Washington political class imposed on us. Small time thinking, small time courage, small time approaches to solving this massive problem. In the end, they did not come close to solving the current $14 TRILLION national debt level, a level that is likely to go up TRILLIONS more in the next ten years. The political class may come up with about two TRILLION in debt reduction, less then 10% of what the national debt trend is.
And their fiasco and small time thinking continues. For well over two hundred years Congress has functioned pretty well in its current format and procedures. However, we have entered a period of time where we need a "Super Congress" to do the work of the entire Congress. This "Super Congress," is composed of six Senators and six members from the House of Representatives, six Republicans and six Democrats.
This Super Congress is supposed to come up with $1.5 TRILLION in additional cuts beyond those in the debt ceiling agreement by Thanksgiving, cuts that will be voted on as one package by the whole Congress. The political class could not do their job the traditional way so they had to invent another way to minimize the damage to their own personal political careers by creating another level of government bureaucracy, Super Congress, that they can hide behind.
Given this incompetence, let's consider a three option approach that would minimize the importance of the political class. It is somewhat whimsical since the political class is highly unlikely to agree to the terms of this three step process. However, these proposed approaches have a better chance of succeeding than this Super Congress concept since it requires politicians take a stand for all Americans to see how courageous they are or are not, and not allow them to cower behind the Super Congress facade.