Another Crisis Averted (and It Only Cost $982 Billion)

If Congress and the president would do one of their few responsibilities outlined in the Constitution and pass a budget, there would be no need for yet another continuing resolution. But what is another $982 billion when the last crisis was over only $85 billion for sequestration?

There are two amazing points to be considered:

1. This is more than the entire US budget just 50 years ago:

U.S. Federal Budget Over Time, Current $ and Inflation-adjusted $

2. No one cares. It may be that the American people have come to the inevitable conclusion that there is nothing we can do to prevent the economic collapse and devaluation of the US federal reserve note. Or they may have come to the conclusion that all politicians in Washington are complicit in this dereliction of duty.

David DeGerolamo

GOP Leaders Break 72-Hr Pledge: Rush 269-Page $982B CR to Vote 47 Hrs After Posting

Kevin McCarthy, John Boehner, Eric Cantor

House Majority Whip Kevin McCarthy, House Speaker John Boehner and House Majority Leader Eric Cantor (AP Photo)

The House Republican leaders today will rush through a vote on a 269-page $982-billion continuing resolution (CR) to fund the federal government for the remainder of fiscal 2013 in direct violation of a pledge they made to the American people to post bills online for at least 72 hours before voting on them.

The text of the new CR was first posted online on the House website at 2:21 p.m. on Monday. The House leadership has now informed members that the chamber will start the final vote on this CR between 12:45 p.m. and 1:00 pm today.

That is a little less than 47 hours after they posted it online for review by members and the public.

There is a snow storm in Washington, D.C. today, but the CR the federal government is currently operating under does not expire until March 27—a full three weeks from now. So there is no imminent need to enact a new CR today.

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