Reporting Failure

The so-called Debt Commission's co-chairmen, Erskine Bowles and former Wyoming Sen. Alan Simpson provided President Obama what he wanted in the form of a do-nothing report that will be pilloried by both sides and allow politics as usual to wreck what is left of our economy. Of course, that is precisely what we should have expected from a blue-ribbon panel of politicians.

What this report shows is that the political class is not yet serious about addressing the federal government's spending addiction. It may suggest that they simply aren't bright enough to understand the depth of the problem, nor amenable to those steps required to put us on a true corrective course.

They cannot bluff their way through this crisis. Sooner, rather than later, it will catch up to them, though I fear we'll be the one's left holding the bag.