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Debt crisis
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It’s a sad sign that a committee of 12 has had to be appointed to try to deal with the debt crisis in America, the result of Congress’ inability to move the country forward during these trying times. The Joint Select Committee on Deficit Reduction, composed of six Democrats and six Republicans, is charged with devising a plan to reduce the deficit by $1.5 trillion over the next 10 years, and if it fails, then automatic cuts are to take place. We recall that the last time such a committee was formed, headed by Democrat Erskine Bowles and Republican Alan Simpson, Congress ignored its proposals, many of which made perfect sense but were politically volatile.

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