A Tale of Two Budgets
Oh, they’ll throw all kinds of words at you. But here are the numbers, plain and simple and sweet:
The House Republican budget plan (H. Con. Res. 25) spends $3.531 trillion. It plans for revenue of $3.003 trillion. That leaves a deficit of $528 billion.
The Senate Democratic budget plan (S. Con. Res. 8) spends $3.715 trillion. It plans for revenue of $3.022 trillion. That leaves a deficit of $692 billion.
So there you have it! You can decide which of the two you like better.
Maybe you think that spending, taxes, and deficits should be held down. You probably like the Republican plan better.
Maybe you think it’s fine for spending, taxes, and deficits to be slightly higher. You probably like the Democratic plan better.
Here’s a table that breaks down the numbers a little further.
|Republican Budget Plan||Democratic Budget Plan||The Difference|
The current national debt is about $165,752 per U.S. family, so we’re talking about an increase of between 3% and 4% depending on whether Republicans or Democrats get their way. Does it make a difference?
Here are the current votes here on WashingtonWatch.com for both proposals. Click to vote, comment, learn more, or edit the wiki articles about the two budget resolutions.