Burning It Down

WASHINGTON (AP) — The government is likely to lose more than $1 billion in airline ticket taxes because lawmakers have left town for a month without resolving a partisan standoff over a bill to end the partial shutdown of the Federal Aviation Administration.

The government already has lost more than $200 million since airlines are unable to collect taxes on ticket sales because the FAA's operating authority has expired.
The Senate recessed on Tuesday until September, erasing any possibility for quickly resolving the issue. The House left Monday night.

Caught up in the partisan acrimony are nearly 4,000 FAA employees who have been furloughed. The FAA also has issued stop work orders on more than 200 construction projects, threatening the jobs of thousands of other workers. Air traffic controllers, however, remain on the job.

That's pretty funny.

The Loon Brigade is opposed to pretty much any tax, and certainly they don't think the FAA should exist (DIAF already!), so this is obviously good news.

If you make bets that things are going to get much.. much.. worse, then that bet will likely pay off.

Oh.. but wait;

The debacle could have had an upside for airline passengers because ticket taxes, which typically average about $30 on a $300 round-trip fare, are suspended during the shutdown. But airlines decided to pocket the windfall. Within hours of the shutdown on July 23, most airlines raised their fares by amounts equivalent to the taxes that disappeared.

HAHAHAHAHAHAHAHAHAHHAHAHAHAHAH