11-5-15 ripon college economics professor says passage of bipartisan budget good for the economy

A Ripon college economics professor says its interesting that a couple years after the nation was pushed to the brink of default, a bipartisan budget bill was passed and signed into law this week with little debate or fanfare.  Professor Paul Schoofs says it tells him that hardline conservative Republicans learned their lesson and the potential political implications with the presidential election a year out.  “I think what it tells us more than anything is we have a national election coming up,”  Schoofs told AM 1170 WFDL’s Between the Lines program.  Schoofs says what this deal does do is restore some consumer confidence which is good for the economy.  Tuesday was the deadline by which the U.S. woukld have defaulted on its financial obligations without an agreement.  The legislation raises the limit on the government’s debt until March 2017, pushing reconsideration of the issue  until after next year’s presidential and congressional elections: