It has now become a
tradition for the Congress to create a short term crisis every October 1 by
threatening to not approve any government spending when the new fiscal year
(yes it starts October 1) begins. But
even Congress recognizes that shutting down the government, or even threatening
a shut down is bad politics. So in an election
year the Congressional leaders agree
to postpone everything until after everyone is safely re-elected.
House Speaker John A.
Boehner (R-Ohio) and Senate Majority Leader Harry M. Reid have reached a
short-term spending deal that would remove the possibility of a government
shutdown from the politically sensitive fall campaign season, the two announced
Tuesday.
Under the agreement,
Congress would agree to fund the government for six months when the fiscal year
expires Sept. 30, setting agency spending for the year at $1.047 trillion.
Of course this doesn’t mean every looming fiscal
crisis will be pushed back to next March, just that one of them will. See the temporary tax cuts expire December 31
and also some time during that period
the debt ceiling will have to be raised, so right after the election with a
lame duck Congress there will be a tremendous battle that could well shut down
the government and cause the U. S. to default on its debt.
But none of that
seems to worry the Congress, after all that will also be after the
election, and no one should worry that Congress will be too tired to act.
While
Reid announced the deal Tuesday afternoon, he said more time was needed to
draft it into legislation and it will not face votes in the House and Senate
until September, after Congress returns from a six-week recess.
Yes, that’s right, Congress gets a nice six week paid
summer vacation, just like every other hard working American. Except of course the unemployed, they are
getting unlimited vacation, just not the ‘paid’ part.
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