Maybe There Won’t Be Fireworks
|Happy New Year Oct. 1 America|
Maybe No Budget Fireworks This Year
The question facing legislators is whether or not to enter into a new battle over federal spending, with the Republicans, particularly House Republicans possibly shutting down the government in order to force lower spending for fiscal year 2012 (which as we have to remind everyone starts October 1, 2011).
In the debt limit bill, Congress allotted $1.043 trillion for spending on federal agencies and national security in 2012, an amount that does not include money for so-called mandatory programs like Medicare.
That level is $7 billion less than current spending, but $24 billion more than would be allowed under the budget drafted by Representative Paul D. Ryan, Republican of