Monday, November 21, 2011

Debt panel failure puts U.S. at risk (Politico)

Here?s a message to Washington politicians: duck.

Your failure is now complete. You were faced with a generational challenge to save Americans from the type of collapse European countries are now facing and you blinked. Actually, you did worse.

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Instead of eradicating a historic threat that could have been solved by simple math, you ran for cover and appointed a self-described ?supercommittee? to make all of your tough decisions. Unfortunately for your political careers, there was nothing ?super? about that feckless collection of politicians. In fact, they appeared to be even less imaginative and inspiring than the whole lot of you.

Watching them all trot their tired lines out on the Sunday talk shows made me sick. Democrats were blabbing on about hiking taxes and Republicans were prattling on about slashing spending. Both were accusing the other side of intransigence while standing in a block of ideological cement.

How pathetic.

Democrats know that spending has exploded under President Barack Obama at an unprecedented pace. They know that Medicare, Medicaid and other entitlement programs are going to die without massive reform. They know that just taxing the 1 percent will do next to nothing over the next generation to break the cycle of debt.

But they don?t have the guts to do what is right. They don?t have the courage to risk their careers to save America.

Republicans are no better.

GOP leaders lack the guts to tackle entitlement reform. The Republican presidential frontrunner called Rep. Paul Ryan?s Medicare plan ?radical social engineering from the right? while 70 percent of self-described tea party members told pollsters they don?t want their Medicare touched. Meanwhile, the rest of the party fights the type of real tax reform that will put middle-class Americans on a level playing field with billionaires like Warren Buffett. And instead of channeling Teddy Roosevelt by breaking up the Wall Street banks that almost broke our economy, they drone on about class warfare while telling protesters to take a bath.

How about offering up a slice of cake at the same time, boys?

What it means for politicians is another chaotic campaign cycle, with one incumbent after another getting chased from power. What it means for America is much worse.

Our leaders are unworthy of our trust. They have no moral authority to lead. The president is weak and not up to the task of running the White House. Congress is even worse, with an approval rating mired in single digits.

If the cavalry is coming, it better ride in from the West quick. We?re in a hell of a mess and thanks to Washington?s bumbling, I fear it is all going to get much worse.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//us.rd.yahoo.com/dailynews/external/politico_rss/rss_politico_mostpop/http___www_politico_com_news_stories1111_68876_html/43676388/SIG=11mih62v8/*http%3A//www.politico.com/news/stories/1111/68876.html

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