Toomey Budget Fails, but Outperforms Other Proposals

From Politics PA:

The Senate this week conducted votes for proposals for a FY2012 budget, and Senator Pat Toomey’s legislation was met with support from fellow Republican Senators. Toomey, whose proposal PoliticsPA reviewed in March, was defeated in the Senate despite receiving more support than any other budget plan.

Toomey’s plan, which proposed to balance the budget by 2020 and reduce the country’s whopping $14 trillion debt, received 42 votes and all but three of the Republican votes. The proposal failed, however, to win a single Democrat over and fell 42 to 55. The plan reduces publicly held debt to almost 55.6% of the GDP by 2021 and lowers spending to 18.4% of the GDP.

Read the rest here.

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