[stextbox id=”x22report”]The can will be kicked down the street once more, they will raise the debt ceiling for the 15th time and it will be business as usual. The government is out of control with spending and they can’t stop, if they stop all programs will cease to function and they are not about to have this happen. The revenue being brought in by taxes is not enough to sustain what the government spends. [/stextbox]
- While vainly attempting to look like he is still in the driver’s seat, it would appear that John Boehner has once again folded on fiscal conservancy. “It’s clear that we’re not going to have the appropriations bills finished by Sept. 30,” Boehner noted this morning, adding “I believe a continuing resolution for some short period of time would probably be in the nation’s interest.” So it’s for our own good – especially as the Fed is set to Taper – that we keep borrowing and spending. But, Boehner adds after seemingly kicking the can, “the idea of operating for an entire year under a CR is not a good way to do business. And I’ve been working try to find a way to actually do all of these appropriations bills.” Indeed, get back to work, Mr. Boehner.
- Via Politico,
- House Speaker John Boehner said Congress should pass a short-term government funding bill in September, but he still wants to finish the eight spending bills that the House hasn’t completed.
- Congress has struggled to pass spending bills this year, so Boehner’s goal seems a bit lofty to say the least.
- Most of the government has been operated under a CR since March, but the fiscal fights start anew next month. The government runs out of cash on Sept. 30. Congress leaves town Friday until Sept. 9.