Wednesday, August 3, 2011

US Debt, Debt Ceiling, FFA and Politics

I am not one who likes to discuss Politics and refuse to be in any discussion related to it. However, after what I have seen in the past several weeks, I have got to say something.

This is the building where some people work when they want to. After several weeks of intense political bickering where the future of the US was in question and they were more worried about their political motives, I don't think that they accomplished anything but to delay an eventual bankruptcy when interest payments account for 40% of total expenditures. Then when this was over with, they decided to go on an extended recess with no decision on the outstanding FFA bill leaving thousands of people unemployed and lost revenues that amounts to billions of dollars. I really don't know what to think about all this, but it is truly disheartening how these people can actually get away with things like this. The only public response to this is that they will vote these people out of office. - With the way I see it, it really won't change things.

I am truly embarrassed to say that these people are the leaders of our country. God help us!

One Solution to this crap is what one very successful businessman said:


Subject:  "I could end the deficit in 5 minutes,"
Warren Buffett, in a recent interview with CNBC, offers one of the best quotes I've heard in all this drama about the debt ceiling:
"I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election."


One thing that I would like to add to this is "And, without retirement benefits"


This will be the first and only post regarding subjects like this, but this thing has really eaten me up mentally - And so, that is it.



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