Prior to adjourning for its August recess Congress approved a bill raising the debt ceiling and potentially eliminating $1,000,000,000+ from the budget over the next 10 years. That’s the good news.
The bad news is a measure was proposed shortly thereafter to curtail the so-called ‘super committee’ entrusted to tackle deficit-reduction from considering cuts to Medicare and Social Security.
What? Are they serious? The way to address deficit-reduction is to ignore entitlements? These programs are HUGE unfunded liabilities and the largest contributors to our nation’s debt and we’re going to pretend they don’t exist?
Ugh!
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