Thursday, October 03, 2013

The Government (Non) Shutdown | Cato Institute

The Government (Non) Shutdown | Cato Institute: "Democrats have already agreed to support a continuing resolution at a funding level that is lower than they originally desired. Although I was initially concerned that the opposite would be the case, the House GOP’s willingness to go to the mat over Obamacare probably enabled this small win for taxpayers.

As it stands, Democrats are willing to fund those portions of the government that require annual appropriations at $986 billion (on an annualized basis), which is essentially the same figure that the House GOP proposed. On the downside, because that figure originally proposed by the GOP would still be above that which the still-in-effect sequestration would allow for the new fiscal year ($967 billion), the stage would be set for another round of wailing and gnashing of teeth over the mandatory cuts in January."

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