Our government leaders have a lot discuss in the months to come and some important changes are about to happen that may affect your pocketbook this holiday season. With all of the recent talk of our nation’s debt crisis, the time has come to put an action plan together and that is exactly what Washington is up to right now. ‘Supercommittee meets in private to talk deficit reduction’ is the first news report of this committee gathering for the first time to begin the process of proposing a $1.5 trillion debt savings plan over the course of 10 years. The 12 member committee consists of 6 Democrats and 6 Republicans from the House and Senate. They also only have until November 23rd to present the proposed plans in order to begin the voting process before Christmas time, or else spending cuts to several government programs will be initiated, potentially affecting many Americans.
It's a real shame that our nation's financial status has gotten to this point. $14 trillion is a lot of debt and some how it's hard to feel as though we have anything to show for it. The older I get, the more I feel our economic status impact me and the decisions I make for my future. I feel a sense of helplessness at times, but I am optimistic that the challenges we will face in the future will only make us stronger and wiser. After all what other choice do we have?
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