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View Diary: Things Will Get Worse Before They'll Get Better (14 comments)

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  •  That's true (1+ / 0-)
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    but he had appropriations through September, and now he has them through March. So, the money is there. he has some discretion about when it could be spent. he's chosen to spread the deficit spending out instead ob blitzing in the last month of the third quarter and the first two months of the 4th. He should have blitzed $600 B into the economy in those months looking for a peak in impact on employment in August and September, so gains would show up at the beginning of September and October in the Jobs Reports. e know he hasn't done that. He's missed his opportunity, probably to put off the debt ceiling crisis until the end. Maybe for maximum shock doctrine effect, when we reach March, so he can cut entitlements then and blame it on the Rs.

    •  I'm not sure if the President has authority (0+ / 0-)

      for this type of shift in spending. I agree that it would have been a useful thing to do.

      •  As long (0+ / 0-)

        as didn't spend more than was appropriated, he had that authority. I'm pretty sure he had the appropriations because the headroom until the debt ceiling is reached was supposed to be reached this Fall, during the lame duck. Obama spent less than he could have.

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