This summer, the country was issued a warning. When Congress failed to deal with our growing national debt in a comprehensive and responsible manner, our debt was downgraded. We were lucky to get the warning. The country was told to come to terms with its spending habits, escalating deficits, and growing debt burdens or risk a debt crisis that would do serious harm to our already tottering economy.

We were given a second chance. Our second chance comes in the form of a so-called “supercommittee” of 12 members of Congress who must recommend at least $1.2 trillion in deficit reduction by Thanksgiving, and then sell its plan to the full Congress.

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