Democratic Senator voices 'serious concerns' about $3.5tn budget plan

By IANS | Published: August 12, 2021 01:00 PM2021-08-12T13:00:03+5:302021-08-12T13:10:07+5:30

Washington, Aug 12 Democratic Senator Joe Manchin said that he had "serious concerns" about the $3.5 trillion budget ...

Democratic Senator voices 'serious concerns' about $3.5tn budget plan | Democratic Senator voices 'serious concerns' about $3.5tn budget plan

Democratic Senator voices 'serious concerns' about $3.5tn budget plan

Washington, Aug 12 Democratic Senator Joe Manchin said that he had "serious concerns" about the $3.5 trillion budget plan, which could push the US national debt to historically high levels.

"Early this morning, I voted 'yes' on a procedural vote to move forward on the budget reconciliation process because I believe it is important to discuss the fiscal policy future of this country," Manchin, a moderate Democratic senator from West Virginia, said in a statement on Wednesday.

"However, I have serious concerns about the grave consequences facing West Virgin and every American family if Congress decides to spend another $3.5 trillion," he said.

Manchin noted that Congress has injected more than $5 trillion of stimulus into the US economy over the past year, reports Xinhua news agency.

"The challenge we now face is different: millions of jobs remain unfilled across the country and rising inflation rates are now an unavoidable tax on the wages and income of every American," he said, adding these are not indications of an economy that requires trillions in additional spending.

Senate Democrats on Monday released the text of the $3.5 trillion budget resolution, which aims to enact most of President Joe Biden's social-spending agenda without Republican support.

With the Senate split 50-50, Democrats must keep moderates on their side, allowing Vice President Kamala Harris to cast the deciding vote.

Manchin said he firmly believed that "continuing to spend at irresponsible levels" puts at risk the nation's ability to respond to the unforeseen crises the US could face.

"I urge my colleagues to seriously consider this reality as this budget process unfolds in the coming weeks and months.

"Adding trillions of dollars more to nearly $29 trillion of national debt, without any consideration of the negative effects on our children and grandchildren, is one of those decisions that has become far too easy in Washington," the Senator added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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