I don’t understand why someone hasn’t suggested that Congress and the president rescind the last debt limit act and immediately adopt the Bowles-Simpson Commission Report, submitted last spring.
Bowles-Simpson was a large, high-quality, bipartisan commission that did their homework. It came up with comprehensive common sense solutions to getting the country financially stabilized and running more efficiently. It addressed the concerns delineated by the credit rating bureaus.
As it is now, we are going to have to go through another partisan food fight this fall and on into next year. We will never restore confidence to the populace. The whole country is frozen in place, unable or afraid to make a move. It is time to suck it up, slaughter the sacred cows and get back to some degree of normalcy.