US super committee declares failure

[Takeda Shingen]

Originally Posted by Skybird

The trenches in this ideological warfare are so deep that you need high ladders to get a look outside. If they cannot even agree to save 1.2 billion OVER TEN YEARS, then you know what to expect of future fiscal policy in the US.

Seriously. A drop in the bucket in terms of overall debt. The terrible irony is that there were many people, some here on this very forum, who believed (and probably still believe) that governmental gridlock would save us. Not that either party's agenda is any better. If government spending and heavy regulation could save us, this crisis would have turned around. Instead, Team D argues that the problem is they weren't able to spend enough. Conversely, if deregulation and lower taxes could have saved us, this crisis wouldn't have happened in the first place. And yet, Team R argues that that the problem is that they weren't able to cut enough.

I don't have an answer to any of this mess. I suppose this puts me in the company of all of our political leaders except for the fact that I am willing to admit this ignorance. However, I can tell you what is not working, and that is the American government.

[Sea Demon]

Regrettably, failure was inevitable from the very get-go! It was never meant to be a workable solution.

[Skybird]

Originally Posted by Takeda Shingen

Seriously. A drop in the bucket in terms of overall debt.

Ah, English numbers... What a "Billionen" means in German, in English is called trillion. What English calls billion, in German is "Milliarden".

I meant to say 1.2 trillion.

Ah, English numbers... What a "Billionen" means in German, in English is called trillion. What English calls billion, in German is "Milliarden".

No, what you have there is American English which is different from English

[Takeda Shingen]

Originally Posted by Skybird

Ah, English numbers... What a "Billionen" means in German, in English is called trillion. What English calls billion, in German is "Milliarden".

I meant to say 1.2 trillion.

No worries, I knew what you meant. When you are talking about 4 trillion dollar annual deficits, 1.2 trillion over 10 years really is small potatoes.