Defunding ObamaCare, Govt Shutdown, et al (continued)
by AL MARTIN (AL MARTIN RAW.COM)
September 30 is the end of the fiscal year â and of course we went through the same thing last September as well as the September before. The result was the reduction in budget deficits. Because spending bills canât get authorized. This has actually been helpful in terms of keeping a lid on budget deficits.
What is happening then is a non-purposed redux of the Eisenhower years, except in the Eisenhower years it was done on purpose whereas now it's being done by circumstance.
This was the Eisenhower Hands Off Approach since Eisenhower spent most of his presidency on the golf course. In Obama's case, what helps a Hands Off approach is when you can't pass a budget and budget authority lapses after a certain date -- in this case September 30, then budget authority lapses, Congress can not vote in any new spending bills.
The Eisenhower Hands Off Approach was largely responsible for the economic growth in the mid-1950s and this was something that was done by design. Now we are having a redux in that hands off approach except it is not being done by design but by circumstance -- the circumstance being the inability of Congress to pass a coherent budget.
This is a good thing but it would not have been a good thing in the Eisenhower years, but now with a $1.6 trillion annual budget deficit, it is a good thing because it prevents government from doing further harm. That's what has changed between the Eisenhower years and now.
Now anything that prevents government from spending, since this government has demonstrated it can no longer be a positive force and it can no longer be useful and it can no longer proffer useful stimulative fiscal policy, then you have to resort to Plan B which is at least to prevent government from being part of the problem by increasing budget deficits.
Now the Republicans have to continue to pander to their constituency, both above and below, as they say in politics. The feet on the ground as the old campaigners say â "putting bums in the voting booth" as illustrated in the classic film "The Great McGinty" is one thing.
However on top of that, the Republicans still have to pander to business and industry because that's where their personal money comes from once they leave office.
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