Letters to the Editor

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DEBT: We’d still be hurting even if supercommittee succeeded

Letter by Hayden Nelson, Edgewood on Nov. 25, 2011 at 11:48 am | 7 Comments »
November 25, 2011 11:48 am

Your editorial of 11-23 contains an error that cries out for correction. You say the congressional supercommittee was tasked to find a way to “reduce the U.S. government’s debt – which just exceeded $15 trillion – by $1.2 trillion.”

In truth, its goal was to reduce the federal deficit by $1.2 trillion over 10 years. This is a “paltry” $120 billion per year, less than 10 percent of the annual deficits we are currently running, and the members could not bring themselves to accomplish even that.

Had the supercommittee succeeded, we would still have been on track to add another $10 trillion to the national debt over the next 10 years. This is the greater issue that your readers should be made aware of.

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