Simple "Weekend Economists" October 18-20, 2013

[Demeter]

2. Now that another "manufactured crisis" created by those very Simple People

I refer to the Tea Party, of course, has been resolved ...

The Congress has 88 days, and counting, to get a real budget, good through October 1, 2014 on the President's desk.

Obama Wins: POTUS Signs Budget Deal, Furloughed Workers To Return To Work

http://newsone.com/2741634/house-passes-bill-shutdown-over/

President Barack Obama signed a last-minute bi-partisan deal early Thursday morning to avert a debt default and to reopen the government after the 16-day GOP shutdown.

From the White House:

On Thursday, October 17, 2013, the President signed into law:

H.R. 2775, the “Continuing Appropriations Act, 2014,” which provides fiscal year 2014 appropriations for projects and activities of the Federal Government through Wednesday, January 15, 2014. The effective time for the continuing resolution begins on October 1, 2013. H.R. 2775 also extends the Nation’s debt limit through February 7, 2014.

"Tonight the Republicans and Democrats in Congress have come together around an agreement that will reopen our government." —President Obama

— Barack Obama (@BarackObama) October 17, 2013

Thanks to the millions of Americans who made their voices heard and helped bring the shutdown to an end. Now let's get back to work.

— Barack Obama (@BarackObama) October 17, 2013

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UPDATE: 11:07 PM EST, 10/16/2013:

“Now that the bill has passed the United States Senate and the House of Representatives, the president plans to sign it tonight and employees should expect to return to work in the morning,” Office of Management and Budget director Sylvia Mathews Burwell said in a statement posted on WhiteHouse.gov. “Employees should be checking the news and OPM’s website for further updates.”

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UPDATE: 10:28 PM EST, 10/16/2013:

A bill to end the GOP government shutdown passed the House of Representatives with a 285-144 vote. All 198 Democrats present voted yes. All 144 no votes came from Republicans.

The bill has been sent to President Obama for his signature.

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A weary President Barack Obama held a solemn but victorious press conference after the Senate voted 81-18 to pass a bi-partisan deal that would end the GOP government shutdown and halt the country from careening into default.

“There’s a lot of work ahead of us, including the need to earn back the trust of the American people,” President Obama said at the White House.


DON'T EVEN BOTHER, MR. PRESIDENT. YOU PUT THE CHAINED CPI AND VOUCHERS FOR MEDICARE ON THE TABLE, AND YOUR EFFORTS WILL BE SQUANDERED.