FROM CNN's Jack Cafferty:

The U.S. is on a collision course with financial disaster.

The Congressional budget office is out with a grim report suggesting the deficit for 2012 will top $1 trillion for the fourth year in a row.

The CBO also gives a worst-case scenario in which Congress extends all the current Bush-era tax cuts and undoes the super committee's automatic spending cuts. More on that in a minute.

If those two things happen - which is entirely possible in an election year - the U.S. could add another $4.7 trillion to the national debt over the next five years.

Keep in mind we're already $15 trillion in debt. That means we could be looking at a $20 trillion national debt by 2017, and some think even this is a rosy scenario.

Back to the not-so-super committee - remember when the 12 members couldn't come to an agreement on deficit spending cuts? Well that set into motion an automatic $1.2 trillion dollars in cuts.

Not so fast. Congress is busy trying to find a way to undo those spending cuts.

Politico reports that Republicans and a handful of Democrats have vowed to unravel these cuts - which would hit defense and domestic programs equally next January.

There are currently several measures floating around Capitol Hill aimed at doing just that.

President Obama has said he will veto any measure to override the automatic spending cuts unless Congress can give him a "balanced" plan to cut the deficit.

It's really quite sad. Our children's future is being thrown in the garbage so the Washington politicians can continue to steal the public's money. And no one seems too interested in stopping the madness - at least not during an election year. Re-election always Trumps the general welfare these days.

Here’s my question to you: Should Congress undo the super committee's automatic spending cuts?

Interested to know which ones made it on air?

FULL POST