But this is not a budget bill. This is a CR. A budget would match spending to revenue (and unsurprisingly that's currently impossible to do). This is saying lets just keep paying the bills. It leaves that how part out entirely. That's why in another couple of weeks we're going to have to pass a debt-limit bill to increase our ability to borrow. This piece-meal approach is so much more rationalization than anyone seems willing to admit.
A default on our credit is going to mean our inability to pay our bills. Yes that's bad, but in my opinion it's about as bad borrowing money to pay our debts. We're trading a large immediate crisis for a later larger crisis.
you are wrong, a lot, in your post here.
The CR is actually a budget package to continue spending at currently set levels. It is a budget, albeit temporary, and certainly doesn't qualify as congress doing its job.
Budgets DO NOT have to match spending to revenues, they can operate under deficit spending...and do.
The part that says "let's just keep paying our bills" is the debt ceiling debate.
You managed to mangle those up pretty badly there.
Lastly, a default in our credit isn't as bad as borrowing money to pay our bills, it is way fucking worse, because huge portions of the world's economy run on T Notes. When the US govt fails to pay on its Treasuries, the entire planet's credit and banking system will fail, the crash will be epic in the bad way, and the dollar will cease to be the currency of choice.
The correct answer is to run budget surpluses to bring our total debt down to what is thought of as "manageable" levels, but never completely eliminate US govt debt...that is, unless we can eliminate our fiat currency and move back to gold or even trinkets. US government debt is currently the basis of every credit market...it's a fucked up system to be sure, but that's the fact. Dry up government debt, and you eliminate liquidity. Eliminate liquidity, and small businesses can't get credit lines to pay vendors while they wait for payment on product sent out, for example. The whole thing dies before it has a chance to sort out another mechanism.
Simply put, defaulting on the debt causes the economy to explode. The end game might be a better way of doing things, but not after the world is laid waste. Whereas I did not support the bailouts, I do support cooling off and reducing our debt in an organized fashion, because too many Americans (and other people) will be decimated by slamming on the brakes.