CONGRESS & COFFEE.
Smell it, please!
The Super Committee is destined to fail, some people are saying; yet must that happen, when there is ample evidence that, if it fails in its obligation to reduce the national deficit by $1.2 trillion dollars, the effects will be far reaching?
Its members have only four day to go, to reach the deadline of Nov. 23rd., 2011; but from what is coming out of the committee sources, there have been a defragmentation of the committee.
That is, there is a meeting by one or two members on one side, or two or three memebers on the other side, all trying to hammar out a solution to the problem at hand, showing that there is some kind of disorientation setting in on the committee's deliberations. It seems to be completely disorganized.
All that is making the nation nervous, and anxiety seems to be dominating the pride of the United States, of being able to do anything on earth.
It has always presented a facade of hope and inspiration to the world and to humanity; fighting in world wars and involving itself in other conflicts, all in the name of peace. It has organized aid to countries that were hit by earthquakes and Tsunamis, with no hesitation at all; and all at its own cost.
It is the land of the free and the home of the brave, as made very popular in its national anthem; and yet, it cannot put its own financial house in order? Why?
The stock market and other world financial markets have gone haywire, when America failed miserably to reach a compromise in the debt ceiling and (hello!) deficit reduction talks only a few months ago.
Now, there is another set of dark clouds looming over the country, and if such a crisis must happen again, it will not be good for the whole world. Meaning, as America goes, so goes the world.
There will be chaos again; and the nation's economy, which is literally crawling on all fours, will be badly affected, while the unemployment rate, standing at 9%, will go back up; and all that for what?
The last time a failure occurred, America's credit rating took a beating, from AAA to AA (or AA+); but should something like that happen again?
When are members of the U.S. Congress, of which the Super Committee is part, going to wake up and smell the coffee?