"Super" Committee Insanity

Suppose you have . . .

Credit Card Debt of $150,000 and still growing because . . .

You are still OVERSPENDING at the rate of nearly $15,000 PER YEAR and . . .

You don’t have the $750,000-$2,110,000 you need to care for your parents and grandparents in their old age as you promised (which they are counting on now that they are retiring), and, given that there are 6 of them and only one of you, you likely never will.

So, you decide these problems are too tough to handle on your own so you convene a SUPER COMMITTEE to help you with your predicament.

This SUPER COMMITTEE initially recommends that you . . .

Cut the amount you are OVERSPENDING by $12,000 over 10 years, or $1,200 per year on average, and that you get seriously started on these drastic cuts in 4 or 5 years from now, but . . .

Because this proposal is just way too hard the SUPER COMMITEE is considering that you only . . .

Cut your OVERSPENDING by $5-6,000 over 10 years, or $5-600 per year, and still take a break for 4 or 5 years before you really get serious about cutting your OVERSPENDING by the paltry $5-600 per year.

And, let’s not worry about the promises we’ve made to mom and dad, grandmas and grandpas because . . .

Surely, something magically amazing will happen between now and the time things get really serious . . .

Add 8 zeroes to these numbers and that is the condition of our nation’s finances and the recommendations of the SUPER COMMITTEE.