The Tea Party vultures who roosted in the House and polarized our entire political process during the contrived debt ceiling crisis picking away at chances of compromise, are flying back to their own hunting grounds to play for the rest of the summer. Their jobs done.
Meanwhile the Senate has some unfinished business with the FAA. The government has been losing about $30 million a day in uncollected airline ticket taxes since the shutdown began on July 23, when FAA's operating authority expired.
If unresolved through Congress' August recess, lost revenue could tally about $1.2 billion. But what’s this? According to Senate Majority Leader Harry Reid today:
A bipartisan compromise to end the partial shutdown of the Federal Aviation Administration that has left 74,000 transportation and construction workers idled, has been reached! I’m still waiting for final details. For some interesting reason a unanimous vote to pass is expected. Oh! I know why…the Tea Party flock can’t gut the compromise at the last minute. None of them are circling the ceiling in the Senate with a vote.
The Tea Party gang leaves behind them a pretty sharp 512 point dive in the stock market today, and a worried string of investors. Economists and investors worldwide are shaking their heads in disgust as the prospects for our government passing any meaningful legislation until after the 2012 presidential election is over and the new “vulture culture” in the House is done ripping up anything not on their menu!