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Wednesday, April 1, 2009

McCain Proposes Republican Budget

Sen. John McCain, R-Ariz., has been working with several of his colleagues to formulate a full-on alternative to the Democratic budget -- and has it ready to introduce on the Senate floor this afternoon, according to Senate aides.

The move is being made despite Senate leaders’ stated desire that there not be a complete Senate Republican budget alternative; instead, they support making line-by-line changes to the Democrats’ proposal.

The McCain budget, which comes on the same day GOP House leaders introduced their own version of the budget, would spend $229 billion less than President Obama’s budget over five years, primarily by freezing all discretionary spending with the exception of defense and veterans’ services.

It would reduce deficits by an estimated $977 billion more than Obama’s proposal over five years, and would contribute some $2 trillion less to the national debt, according to a fact sheet describing the proposal provided to ABC News. - ABC News Story

This budget most likely won't see the light of day, unfortunately. It is good that there are other ideas flowing in Washington, the original one stunk. $3+ Trillion.

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