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Help Us Save America From Impending Doom

 November 19, 2011 12:33 PM


Congress desperately needs to be saved from, well, itself!

In a moment, I'm going to ask you to visit our brand-new "emergency measures" website, http://www.savecongressfromitself.org/, where we just uploaded a new report.

The report details a secret strategy our Forefathers left behind for Americans to use as a last resort. It may represent our last lifeline!

But first, let me explain why our personal livelihoods could radically change – for the worse – as early as next week. (The day before Thanksgiving is the official drop-dead date.)

As you're probably aware, Congress failed again to pass a budget for the Fiscal Year, choosing instead to operate under a series of stop-gap funding measures. Its Ethics Committees sure keep busy, though, routinely investigating members for a plethora of improprieties.

[Related -Buffett's Market Indicator Flashes Red, Prepare To Sell]

Clearly our elected mis-representatives have their priorities backwards. It's no wonder a late-October poll shows their approval rating hit an all-time low of 9%.

But Congress' ineptitude may soon have much greater consequences for Americans than most people realize. As in, another debt downgrade, which would spell doom for the economy and the stock market.

At the crux of the situation is Congress' mutually hopeless "Super Committee" – you remember, that new "bipartisan" House-Senate panel charged with finding $1.2 trillion in deficit cuts over a decade.

The Super Committee has until the day before Thanksgiving (just five days away) to report its proposal. Or suffer the consequences.

[Related -PBoC joins other major central banks with unconventional monetary policy action]

Doomed By Design

Before I get to the solutions – including your critical role in all of this – let me back up a bit and show you in the simplest terms possible what's going on… why I'm so concerned… and what could happen within days…

You see, when Standard & Poor's downgraded the United States' AAA credit rating this past summer, it also sent an ominous warning…

…that the joint committee better make progress toward achieving its goal of stabilizing the debt, or else.

There's a big problem, though. The deficit panel is equally divided between Republican and Democratic members, which means gridlock is (once again) the likely outcome.

The Super Committee is operating under a veil of intense secrecy, but the chatter leaking out isn't good – Democrats and Republicans remain miles apart on an agreement.

Here's where it gets scary…

Failure to reach an agreement would not only erode what little confidence remains in our federal government, but would also trigger a budget sequester. Or in laymen's terms, automatic, across-the-board spending cuts… to defense and domestic programs, specifically.

And such a turn of events would be crippling.


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