House Passes Ryan Budget

    House Budget Committee Chairman Rep. Paul Ryan, R-Wis., holds up a copy of his budget plan entitled "The Path to Prosperity," Tuesday, March 20, 2012, during a news conference on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

    Jacquelyn Martin / AP Photo

    The GOP-controlled House of Representatives passed Paul Ryan’s $3.53 trillion budget plan. The bill has virtually no chance of passing in the Senate, but it cleared the House in a 228–191 vote—no Democrats supported it and 10 Republicans were against it. The plan includes an overhaul of the tax code and serious changes to popular entitlements. “We have one of the most predictable economic crises in this country coming,” Ryan said. “It’s a debt-driven crisis. And so we have an obligation—not just a legal obligation, but a moral obligation to do something about it.”

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