House Approves $3.5 Trillion Budget Plan
The House today approved the $3.5 Trillion budget that embraces Obama’s proposals for health care, education, and energy reform. The House voted 233-196 to pass the Democrat’s $3.5 Trillion budget with no Republican support. The budget vote followed a 293-137 vote to reject a Republican alternative that proposed spending $4.8 Trillion less and borrowing $3.6 Trillion less than the Democrat bill.
House Speaker Nancy Pelosi (D-Calif.) said,
“This is sort of an emancipation day, this is a special day for us. It is a day that we waited for, worked for, hope for and now we will be able to pass a budget that is truly a statement of national values.”
House Republican Conference Chairman Rep. Mike Pence (R-Ind.) called it
“The most fiscally irresponsible budget in American history.”
The Senate is expected to offer its own version of the budget plan shortly. And the two versions will have to be reconciled likely later this month. The House plan also includes “reconciliation” language which will enable Democrats to fast-track health care and education plans without one Republican vote.
More to come…