After Congress struck an 11th hour deal last week to avert the first default in U.S. history, S&P still downgraded the U.S. credit rating from AAA to AA+. The downgrade sent financial markets on a wild rollercoaster ride this week, making this writer dizzy, frustrated and maybe even a little nauseous. And I'm not the only one. To put it mildly, Americans are frustrated. One single mom even attempted to fire Wall Street (see the video here). According to a new poll, for the first time ever, the majority of Americans think it may be time to clean house in Congress. (Didn't we just do that?)
What will our political leaders do? How will they rise to the occasion and respond to this crisis? "Supercommittees" to the rescue! Just in time too – There's anecdotal evidence that all of the political and economic tumult of the past few weeks may be negatively affecting Americans' sex lives. OK, that's going too far.
BenefitsPro takes a closer look at the GOP and Dem members of the supercommittee, in whose hands our economic fate and sex lives rest. As Washington Post blogger Eric Yoder points out, however, the supercommitee has a fairly thin record on federal employee issues. Darn! Then how will Congress address the major employment issues contributing to the economic meltdown of the past few years? I've got it – a supercommittee on jobs.
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