Because 0.33 uF is too small, or because 47 uF is too large? Did you see the update changing C1 to 47 uF.Also, a value of 1uF seems more appropriate for C1.
R1-C1 work to debounce the switch contacts, so one button press is not seen by the 4017 as a dozen or more clock edges. R1 discharges C1 over time, and the component values set how long it takes for the 4017 EN- input to see a logical 1.
Turns out that because the chip still is powered (its GND connection does not go through the switch), the current from a high output, through an LED, and through R2 also discharges C1. R2 is is kinda in parallel with R1, and is the dominant resistance in the discharge path. R2 is chosen to set the LED current, and then C1 is chosen to set the debounce period.
ak
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