Andrew Taylor,AP
Pelosi Says- "If we take money from our grandkids we can afford this budget..."
Democrats in Congress capped President Barack Obama’s 100th day in office by advancing a $3.4 trillion federal budget for next year —a third of it borrowed —that prevents Republicans from blocking his proposed trillion-dollar expansion of government-provided health care over the next decade.
Wednesday’s House and Senate votes to adopt the nonbinding budget blueprint were only a first step toward Obama’s goal of providing health care coverage for all Americans. The budget plan for the fiscal year that begins Oct. 1 sets the parameters for subsequent tax and spending bills expected to boost clean energy programs and student aid and extend many of former President George W. Bush’s tax cuts.
The budget outline also makes it plain that Democrats won’t let a mountain of deficits and debt interfere with advancing Obama’s ambitious but costly agenda.