So trying to do some math on this. This faa.gov link shows that at the end of the 2019 fiscal year, that the trust fund had a cash balance of $17.9 bil. Also treasury anticipates fiscal 2020 revenues at $17.04bil. So if the trust fund effectively has approx a years worth of funding in advance, shouldn't that mean that the fund should actually not come close to exhaustion until about a year after this sleigh-ride started? And potentially much longer assuming that they can "control" the discretionary Airport improvement grants, etc. coming out of the same fund? Would like to know more about how Paul came up with the August date I guess.
YES-Think of this: the people in Washington just pulled tens of billions of dollars out of thin air to bail out the air carriers. Do you think they’re going to want to allow the Agency that oversees/facilitates that industry lose 90% of their funding and let thousands of Federal Employees go without paychecks? And literally WEEKS before a national election? No way in hell they’d let that happen.