The Hill News

We all know Albert Einstein's famous quote: "Insanity is doing the same thing over and over again and expecting different results."  Well, according to Einstein, our current political process is insane.  A few months ago, as people were trying to enjoy the summer, our political leaders were engaged in a debacle of Hollywood proportions, dithering over raising the debt ceiling and reducing the deficit.  Both parties publicly agreed that reducing spending was important and needed to be done.  But a real and meaningful deal couldn't be reached.  There was an ideological divide and the ideological divide was over taxes.  This divide could not be crossed.  

The world watched the U.S. get closer and closer to being unable to pay all of its debts when they became due.  The markets reacted badly. Standard and Poors downgraded the U.S.  In the end, a stop-gap plan was agreed upon and a super committee was formed to develop a ! long-term deficit reduction plan.


Let the insanity begin.

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