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Report: Senate Democrats' Budget Hikes Taxes by $1 Trillion, Never Balances

allisonlayla5 Wrote: Mar 14, 2013 11:01 AM
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Raise your hand if you're surprised by any of this:
 

Senate Democrats are drafting a federal budget blueprint that would raise nearly $1 trillion in new taxes over the next decade and slice roughly $1 trillion more from projected spending, according to Democratic aides familiar with the document. But the framework would never bring the budget into balance, potentially putting Democrats on the defensive as Washington enters a new phase in the ongoing battle over the swollen national debt. This week, both parties are scheduled to unveil competing visions for the 10-year period that begins...