Written by Tad DeHaven, a budget analyst at the Cato Institute. It was originally posted on Friday, September 14th, and is cross-posted with permission from Cato @ Liberty.
Yesterday, the House passed a continuing resolution that will keep the government funded for the next six months. Republicans and Democrats were eager to avoid a budget fight—and possibly a government shutdown—with little more than a month to go before the elections. With that potential distraction out of the way, the two sides can now focus on convincing voters that their brand of big government is the superior choice.
Politico has a good breakdown of the CR’s contents. Here are a couple of snippets:
[The continuing resolution] restores the higher spending targets set in the Budget Control Act—and with such haste and pique—that billions will go out without any distinction between the merits of different programs. Labor, health, and education spending that’s so often targeted for cuts by the GOP will grow by close to $1 billion. The Commodity Futures Trading Commission budget, the bane of anti-regulatory forces, inches up again, albeit far less than the White House requested…
The new top line for non-emergency appropriations will be $1.047 trillion, an $8 billion increase over what the Congressional Budget Office estimates is the current rate of spending… But in their desire to keep the bill simple—and move fast—Republicans opted to distribute most of the increase, $5.9 billion, through a mechanical formula that automatically ups most accounts by 0.612 percent.
As Roll Call noted earlier in the week, the CR vote represented a test for Republican freshmen, a.k.a., the “Tea Party Class”:
The defining narrative of this Congress has been deficit reduction, pushed mostly by an anti-government-spending class of 87 freshman House Republicans. But as November inches closer, Members will have to balance their promises to slash spending against the reality that a shutdown could be an irreversible gamble in their bid to win back the Senate and White House. For his part, Speaker John Boehner (R-Ohio) seems optimistic, having recently said the group has “matured.”
After the jump, the table shows that only 28 of the 87 Republican freshmen—32 percent—voted against the CR. (A “yes” means they voted against the CR.) I guess that means that, per John Boehner, those 28 members have maturity issues.