Air traffic control operations are set to return to normal by this evening after the FAA ended...


Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations.

From other sites
Comments (18)
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
     
    Very nice. Now we will not have improvements in airports. That's the only way to go for a first world country, to let the airports go to shambles.
    28 Apr 2013, 12:30 PM Reply Like
  • Ray Merola
    , contributor
    Comments (6472) | Send Message
     
    Looks like the Administration's plan to politicize the sequester blew up in their faces.

     

    I wonder if Americans recall that it was Obama's idea to begin with and he threatened to veto any legislation that tried to overturn it. Perhaps that's old news, anyway.
    28 Apr 2013, 12:44 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
     
    As long as the Republicans continue to be the party of cutting spending so that US infrastructure goes to excrement, I think the sequester will remain a Republican legacy.
    28 Apr 2013, 01:22 PM Reply Like
  • bbrady413
    , contributor
    Comments (770) | Send Message
     
    Macro, take a look around. Both parties have spent trillions upon trillions over the last few years, and the infrastructure is crumbling anyways. If it is going to be crumbled, why have our finances crumble with it?
    28 Apr 2013, 01:34 PM Reply Like
  • VictorHAustin
    , contributor
    Comments (824) | Send Message
     
    Looks like politicization is working with some commenters, although I would use the word extortion. If we don't submit to domestication by the civil service, the chief executive will use his power to punish us by de-prioritizing basic functions and diverting funds to new programs that increase power.
    28 Apr 2013, 02:43 PM Reply Like
  • Topcat
    , contributor
    Comments (579) | Send Message
     
    Two wars not paid for. So, infrastructure ignored mostly. Everyone been to overseas airports? Check rankings. We have some of the worst in the world here. U.S. citizens, if they ever traveled to gain some knowledge, would be shocked at how nice other countries airports are, especially in Asia.
    28 Apr 2013, 06:12 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
     
    Brady, I agree. My dad has been taking medication for high BP for ages, yet he hasn't gotten rid of his high BP. He should just stop spending on medication and leave a large inheritance for me.
    28 Apr 2013, 07:15 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
     
    Since when has USA learned anything from foreigners other than austerity?
    28 Apr 2013, 07:16 PM Reply Like
  • Agbug
    , contributor
    Comments (1234) | Send Message
     
    Topcat, is it just me, or does LAX make everyone's skin crawl? What a dump.
    28 Apr 2013, 08:14 PM Reply Like
  • bbrady413
    , contributor
    Comments (770) | Send Message
     
    Macro- kind of like the federal government should stop spending and leave the next generation an inheritance in the form of a lack of debt?
    28 Apr 2013, 08:50 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
     
    I prefer that the debt is inflated away.
    28 Apr 2013, 09:56 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (160) | Send Message
     
    Here come right wing retards to blame it on Obama even though it's congress's job
    28 Apr 2013, 01:44 PM Reply Like
  • Ray Merola
    , contributor
    Comments (6472) | Send Message
     
    While I tend to mind to investments versus politics, I have to ask what party controls both houses of Congress? And who's idea was the sequester? Furthermore, both parties have lost their way historically: what created the 1937-38 "Roosevelt recession" was a combination of raising taxes, trying to balance the budget, and empowering labor unions. It might appear that our friends in Washington are all doing their part to repeat history.

     

    Only Ben Bernanke has read the history books. It is fairly easy to determine what his next steps will be: just look at what Washington and Fed did in 1937, then do the opposite. Those investing in equities are enjoying his policies.

     

    Frankly, I do much care for the argument that flooding the world with cheap dollars will ruin the nation. Investors have seen a four-year run-up in equity prices. The increases have been quite bankable no matter what politics / academic theories are placed upon them.
    28 Apr 2013, 04:05 PM Reply Like
  • Johann Galt
    , contributor
    Comments (247) | Send Message
     
    Lost in all this is that the "sequester" barely made any dent at all in fed spending. Why has no one asked how the FAA managed when the fed budget was under $1T?

     

    Crumbling infrastructure b/c of the sequester?

     

    Idiocy.
    28 Apr 2013, 07:03 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
     
    If sequester is not enough what can we do to truly crumble the infrastructure? We need austerity anyway so that we can get a nice deep Depression. Two birds with one stone.
    28 Apr 2013, 07:18 PM Reply Like
  • bbrady413
    , contributor
    Comments (770) | Send Message
     
    Macro,
    We need austerity because we don't have any money. Do you really think that foreign nations will lend us money forever with no prospect of repayment?
    28 Apr 2013, 08:49 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
     
    Brady, Do you understand the concept of debt monetization?
    28 Apr 2013, 09:57 PM Reply Like
  • KJP712
    , contributor
    Comments (469) | Send Message
     
    Just in time to save Western Civilization.No more photos of civilians looking up at Flight Status Screens.
    28 Apr 2013, 08:41 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs