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Senate rejects both Ryan and Obama budget plans

By Eric W. Dolan
Wednesday, May 25, 2011 19:02 EDT
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The Senate on Wednesday overwhelming rejected a budget plan proposed by Republican House Budget Committee Chairman Paul Ryan (WI) and another budget proposed by President Barack Obama.

The Hill reported that every Democrat in the Senate voted against the Ryan budget, with the exception of Sen. Charles Schumer (NY), who did not vote. Five Republican senators also voted no.

Ryan’s budget plan would cut spending by $5.8 trillion over the next ten years and end the public health program Medicare, which currently supports the well-being of more than 46 million Americans. Ryan’s plan would convert Medicare into a coupon program over the next decade and force many seniors to seek care from the more costly private market. It would also lower the corporate and top individual tax rates from 35 to 25 percent.

The Ryan budget was rejected by a vote of 40 to 57.

A $3.8 trillion budget plan proposed by Obama in January was unanimously rejected by Senate. Democrats said they voted against the budget because it had been supplanted by a more ambitious plan proposed by the president in April to save $4 trillion over twelve years.

Image courtesy of Wikimedia Commons

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
 
 
 
 
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