Finally, Congress has completed its budget process without another government shutdown and raised the nation’s debt ceiling without seriously threatening default.
Budgetary gridlock in Washington has led to one crisis after another. It has weakened America’s economy, disgusted the public and damaged our international standing.
Those of us who work full time encouraging America to live within our means see a sharp contrast between many elected officials in Washington and the rest of America.
When faced with the numbers, most Americans know what needs to be done to stabilize the nation’s debt and they are willing to take on the shared sacrifice necessary. The protracted debate in Washington on whether we need more revenue or less spending is lost on most of us. We know we need both.
Within the space of just a few days, the national debt has topped $15 trillion — about $133,000 per taxpayer — and the congressional super committee failed in its effort to lower annual deficits and reduce the growth of the national debt.