Headline makes it sound like it's done, this is just a temp budget:
Republicans now have 45 days to pass longer-term budget measures to operate the government for the 2024 year. Those budgets have already hit their own set of roadblocks in the House, and are destined to run up against a Democratic-controlled Senate and White House that will likely demand changes.
Just a 45 day stopgap and it’s not over, but hopefully Republicans begin to realize, “We can’t function with these people,” and start trying to move away from their hardliners. Doubtful it’ll happen, but one can always dream. That they didn’t actually let it go to a shutdown suggests that there’s Republicans who wanted to avoid a shutdown as much as Democrats and may be willing to compromise and reach a longer term deal, they’re not just trying to burn the whole place down.
The headline made it sound like the Republicans avoided it; that's all. You know most Republicans don't read anything more than a headline. :) I'm mostly frustrated with that is all. The context almost always leans differently.
Republicans avoid shutdown by cutting deal with Democrats over their own party’s hardliners
Any Republican who reads that, what do you think they read? I know what I think, and, unfortunately, as an observer of those people's reactions, I'm positive that's how they'll read it.
Not my take away from the headline at all. Makes the GOP sound like they don't have their shit together so McCarthy had to go hat in hand to the Dems seeking actual adults capable of governing.
To be fair, while most of the GOP might have their shit together, they have a crazy faction blocking them
In a way, it might just be possible that this marks a realization that they will have better results working in a bipartisan manner than trying to appease the nutjobs.
True, but they can't win this, so either have to damage themselves over and over again, or grow up and be leaders of their constituents, which means explaining a little bit to them reality instead of blindly being pushed around by ignorant sheep
The problem is that this solves nothing. Since COVID the US has been writing checks it cannot cash and the party will come to an end sooner or later. The longer we kick the can down the road the more painful it will be. Republicans won't increase taxes (even Biden didn't roll back Trump's tax cuts). And Democrats won't cut entitlement spending. So we are essentially screwed.
You're absolutely right that projecting our current debt and revenue unchanged into the future looks disastrous. HW Bush raised taxes and it very likely contributed to his reelection loss. Clinton raised taxes and balanced the budget. I think it's definitely possible to begin paying off the debt in such a way that doesn't crush the economy with an austerity backlash. Both of those presidents' tax increases didn't kill the economy. It took W Bush's "ownership society" deregulation to do that.
There's also the possibility of a future economic shift that could put everything as we know it in flux: a new energy source, automation that replaces overseas manufacturing, or asteroid mining are all examples of things that are at least possible if not plausible to be on the horizon. Not too mention something we can't even conceive of. Very few people in 1900 would predict the model T was on the horizon.
I'm definitely apprehensive about the economic future but I'm personally not terrified that it'll be some kind of doomsday.