Tuesday, July 31, 2012

Reason #247: Early Deals

Hoping to avoid another ugly budget showdown in the middle of the election, Harry Reid and John Boehner have, with the tacit support of President Obama, reached a temporary spending deal to give Congress an operating budget for the next six months, meaning that the real fun won't begin until President Romney--ha, just kidding--until Obama's second term begins in January.

The deal sets a $1.047 trillion cap on government spending for the next fiscal year. More hardcore conservatives were shooting for a $1.028 trillion cap proposed by Paul Ryan, which doesn't seem like a big deal until you realize it's $19 billion.

A Republican aide said that getting this out of the way two months or so early "will keep the larger focus on jobs, the economy and President Obama’s failed economic policies", implicitly admitting that a fight over the budget would instead remind people of failed Republican policies.

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