CRAPO VOTES AGAINST BUDGET EXCEEDING $3 TRILLION

Washington, DC – Idaho Senator Mike Crapo voted against a recommendation for a $3.4 trillion federal budget. The budget resolution bill, agreed to by a House-Senate conference committee, was approved by the full Senate on a 53-43 vote.

“A budget totaling nearly three and one-half trillion dollars breaks every federal spending record,” Crapo noted. “We’ve never been here before, and this budget sets the stage for trillions in federal deficits for many years to come. We will literally double the national debt over the next five years. Worse yet, this bill sets the stage through the budget reconciliation process to push through changes in health care reform without a healthy debate.”

Crapo’s proposals to include broadened federal loan guarantees for clean energy projects and to protect the perpetrator-paid Crime Victims Fund were eliminated by the conference committee. A modified version of his legislation authorizing increases in federal backing of consumer savings accounts through the Federal Deposit Insurance Corporation (FDIC) was included in the final resolution.