Seeking Alpha

With just an hour to spare, congressional leaders avert a federal shutdown with a budget deal to...

With just an hour to spare, congressional leaders avert a federal shutdown with a budget deal to slash $39B in the remaining six months of the fiscal year. A bridge resolution will keep the government open next week while the paperwork is finished, and the agreement drops contentious riders that would have denied funding to Planned Parenthood and the EPA.
Comments (28)
  • Mark989
    , contributor
    Comments (29) | Send Message
     
    Good job to get it done.
    The whole world is watching and if the US cannot get it's house in order expect to lose the privilege of being the worlds base currency which will wreck havoc as I understand matters.
    Put a hold order on the metals for now.
    8 Apr 2011, 11:29 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    What a total and utter failure this Congress has, once again, proven itself to be. Last minute deals? This "passing" is not a victory by any stretch of the imagination.
    8 Apr 2011, 11:40 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3583) | Send Message
     
    Yes - good job. We'll all still get our mail. Besides that, what does the government really do for the average person?
    8 Apr 2011, 11:44 PM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    If you had a remote control that you could 'pause' all public employees, freezing them in place, the rest of us would go about our lives moving around them like salmon moving around rocks in a stream.

     

    At the end of the day, someone industrious might pick one of them up and place them at the front entrance to their store and use them for a hat rack.
    9 Apr 2011, 03:04 AM Reply Like
  • Joe Morgan
    , contributor
    Comments (1500) | Send Message
     
    39B from a 1.5T deficit.....what a joke...like taking a glass of water from the ocean....

     

    This it is fiscal irresponsibility, the republicans should have pressed, they failed...both parties failed.....
    9 Apr 2011, 12:14 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    The original $61 billion cut demanded by Republicans was still a joke compared to the $1560 billion deficit.

     

    Unless entitlements and defense are being touched, every attempt to balance the budget is nothing but a laughable joke.
    9 Apr 2011, 12:36 AM Reply Like
  • Jesse99
    , contributor
    Comments (127) | Send Message
     
    agreed. I'll add tax hike to that as well. Now that it has been left this long, all options have to be on the table, with the debate being how much of each will be the least painful, not which is the most ideologically appealing.
    9 Apr 2011, 12:54 AM Reply Like
  • T in Az
    , contributor
    Comments (35) | Send Message
     
    "$39B in the remaining six months of the fiscal year."
    The sun rises over the valley, and the rainbow shines it beautiful goodness over all the creatures, all is well.
    9 Apr 2011, 12:18 AM Reply Like
  • DigDeep
    , contributor
    Comments (2323) | Send Message
     
    Yea..what a fricken joke.
    The pump continues - til the dump
    9 Apr 2011, 12:22 AM Reply Like
  • KJP712
    , contributor
    Comments (437) | Send Message
     
    Now that Reid has finished " this hard work" maybe he can start on improving the Job and Housing situation in Nevada.
    9 Apr 2011, 12:33 AM Reply Like
  • billddrummer
    , contributor
    Comments (1672) | Send Message
     
    He helped cause it; why would he help solve it?
    9 Apr 2011, 01:28 AM Reply Like
  • BPYHO
    , contributor
    Comments (230) | Send Message
     
    Of course republicans want to defund the EPA...While we're at it why dont they issue BP another apologize for the verbal bashing they got after ruining the ENTIRE gulf coast
    9 Apr 2011, 01:25 AM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    Doesn't seem ruined to me, but I guess we'll just let China and Russia ruin it then 50 miles off the coast in international waters. *chuckle*

     

    I'd rather the EPA work min. wage at all the Chevrons like the old full service stations, running around asking me if I'd like it if they check under the hood. Maybe another one of them squeegee my windshield for me then wipe it down with those little blue rags. I'm an important person. I've got places to go and things to do. C'mon boys, make it snappy! Hustle.
    9 Apr 2011, 03:12 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    One very painful step on a road paved with potholes. The next eighteen months will be very difficult. Consider the investing implications of what has just occurred and the potential impact of what is likely to unfold as the deficit is finally faced. I fear it will not be a pretty sight. Add to that the unwinding of QE2 and you have a powder keg in the smoking lounge.
    9 Apr 2011, 06:06 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Cheap (and poorly acted) melodrama to make the more gullible portion of the masses think that Beltway people actually *do* stuff from time to time to earn their pay and perks. Obama and the Congress Critters of both parties just got themselves some cheap (to them) material to use in campaign ads in 2012 (Look! Look! We cut spending! We averted a DISASTER!). They didn't do a damn thing remotely approaching substantial for the American taxpayer or the nation.

     

    In other words, business as usual in DC.
    9 Apr 2011, 06:06 AM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    Keystone cops, DC version.
    9 Apr 2011, 07:40 AM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    Republicans have to stand for more then just compromise, the democrats play their hand well and play to win no matter the cost to America. Republican lost this hand, score one for the Dems. If Republicans dont start pushing back and hard the electorate who voted in the 86 freshman republicans 2010 giving the Rep the majority will vote again in 2012 looking to make serious changes. But so will any and all liberal/socialist groups both here and abroad. These groups are mobilized and working 24/7/365 to do everything they can to make sure the liberals take back the Congress, maintain and or increase their Senate majority and insure Obama remains in power another 4 years. Its time for Conservatives to act as if there is more important things at stake then just their jobs
    9 Apr 2011, 07:46 AM Reply Like
  • davidbdc
    , contributor
    Comments (3141) | Send Message
     
    Whew!!! I woke up this morning in a cold sweat and desperately ran to the living room to turn on the TV to find out if everything is ok!!! And Thankfully, oh Thankfully the government did not shut down. Now everything will be ok and I will be able to carry on.

     

    Well, actually I slept pretty well last night..... went outside and got some fresh air first thing in the morning, played a few card games on my computer, checked ebay, got some breakfast, and then checked to see if those idiots reached a deal...... and they did..... big deal, 38 billion out of 1.6 Trillion..... so I guess every journey begins with the first step if you want to be optimistic.

     

    Of course then I read about the fact that all Republicans want to take away reproductive rights from women, and that all Democrats are denouncing Ryan's budget proposal without proposing any plan of their own, and I just clicked the off button.

     

    Maybe the debt ceiling will be the trigger point for an actual change in government spending. We'll see. We can always hope.
    9 Apr 2011, 09:03 AM Reply Like
  • Bear Bait
    , contributor
    Comments (664) | Send Message
     
    Get your "thumbs down" ready.
    A. the deficit will never be eliminated without reinstating Bush's tax cuts or a tax increase of some kind.
    B. If offered enough money any Republican ideal can be bought. The Dems stood pat on their support of Planned Parent Hood and the Republicans sold their opposition. If I'm looking for a party to represent me, do I want one that will sell me out if the price is right or support me at all costs.
    C. Do you hear the water running. I am washing my hands of the party I have claimed since my support of Barry Goldwater.
    9 Apr 2011, 09:08 AM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Bear: Where would you like me to send your Donald Trump Button? The Donald sounds a lot like Berry (the Goldwater, not Soetero).

     

    Controlling only two-thirds of One-third of the show, the Republicans have decided (on advice) to save their powder for the big fight on the budget ceiling, and it's coming soon. Their only weapon is to shut down the government. The odds say they will.
    9 Apr 2011, 10:41 AM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    Mad- Max- So the Rep have embraced Zorba the Greek philosophy "Better to live a thousand years as a coward then die a hero"

     

    If the Rep cant win the little battles what makes you think they can win the big ones, do you think the Dem will fold on the bigger issues, the Dem have held the line and the Republicans blinked. The idea that the Rep will come back and win the debate next time is waining, it pains me to say they have yet to display they have the intestinal fortitude required, there are countless saying to that end, " No guts no glory", " Fortune Favor The Bold", "Put your money where your mouth is", "Put up or Shut Up",
    " Lead, follow or get out of the way"
    9 Apr 2011, 12:11 PM Reply Like
  • coddy0
    , contributor
    Comments (1182) | Send Message
     
    Bear Bait
    If I'm looking for a party to represent me
    ========================
    100 % match would be Bear Bait party
    9 Apr 2011, 12:13 PM Reply Like
  • DigDeep
    , contributor
    Comments (2323) | Send Message
     
    So you think the rep agenda is correct but not enough kahuna's to get er done?
    What's that say about the policies-actions-non actions of the dems?
    9 Apr 2011, 12:50 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    e-MAN: General Patton once said - You don't win a war by dying for your country. You win it by making the other poor Dumb Bastard die for his country. Seems that the analogy applies here. If the Repubs were seen as shutting down the government over a few Billion, they would have died for their cause in a proverbial sense. The balanced budget amendment is coming. And it will be a bloody fight.
    9 Apr 2011, 02:47 PM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    Mad Max- The Rep showed their hand when Boehner exclaimed that they dont have all the power, so now we and the Dems know he and his party are dealing from weakness not strength, not a good thing. The Dem will push and push, distort and accuse without batting an eye and if they get caught they just say "wasnt me", " mis quote", "mis spoke" etc. This was clearly the case during the health care debates, now we know from audio and video tapes that they and the President had been lying to us all along and guess what, Healthcare passed and nobody is screaming about all the deceit used to get it passed, they WON end of story, the end justifies the means. The Rep talk a great talk but dont walk the walk, if the Rep dont stand tall and together willing to risk it all for what they say they believe the Dem will steam roll over them. The Dem knowingly sacrificed many of their own to pass healthcare where as the Rep have not yet shown they are willing to do the same. While they may be following Pattons wisdom, the Dem follow king Leonidas, who would have mopped the floor with Patton at the battle of Battle of Thermopylae
    9 Apr 2011, 03:29 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Boehner lost a holding action. He was told to fall back on this one. That's what the bean counters told him he had to do.
    Even in the fight against the Zulu Empire, the British fell back all the way from the outer stock perimeter back into ammo bunkers and the infirmary, but in the end? Well you know how that battle ended. I'm not quite ready to declare defeat. Nothing stands between you and total defeat of this country except a few conservatives that are outnumbered, fighting to stop insanity. I'm inclined to give em just one more break.
    9 Apr 2011, 04:43 PM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    Mad Max- I appreciate where your coming from, I hope the Rep grow a set and stand for something other than the status quo business as usual, so far Im not impressed and not encouraged, but we can "Hope" for a Kodak moment :)
    9 Apr 2011, 05:11 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    A fresh poll out says that 80 percent of the Elephants and a clear majority of the Donkeys polled now want a balanced budget amendment. YES!
    Guess who's jewels will be in a vice now? Barry and Harry!
    10 Apr 2011, 12:16 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|