News came from the White House that a
little midnight President Barack Obama signed a bill that not only reopens the government
and allow for the end of the federal employee lay off but that the bill also
allows government to raise the debt ceiling.
According to the new release, President Obama signed the Continuing
Appropriations Act, 2014, making the continuing resolution effective
retroactively to October 1 with funding to paid governmental debts through Jan.
15, 2014. The national debt limit is also extended through February7.
As joyful as this news may sound to the federal
working without pay all these week as well as to those laid without, this is
only a temporary fit with not real solution, with the exception of future higher
taxes, in sight.
