Predicting the future is never easy. Predicting the future when politicians are involved is pretty much impossible.
Late Thursday night, Senate Majority Leader Harry Reid was forced to pull the $1.1 trillion omnibus spending bill from consideration over Republican and Democratic complaints about the earmarks it contained. Reid was forced to admit he did not have the votes to pass it.
What’s happens next is anyone’s guess.
“Since the Senate biggy was defeated [omnibus spending bill], I don’t think [the Senate] will do a whole lot before recess,” says former Congressman Bill Frenzel (R-Minn.), now a guest scholar of economic studies at the Brookings Institution. “They’ll let the new Congress deal with the old year’s issues, so to speak. And the new Congress will be far less tolerant of spending requests; they already consider the bloated bureaucracy an affront.”