Senate blows by deficit warning, approves spending deal

The Senate on Friday ignored a warning from Sen. Joe Manchin, D-W.Va., that the huge fiscal deal being considered today would add hundreds of billions of dollars to the national debt, and voted down his effort to separate the measure into two parts.

Manchin is outraged that the legislation being considered today includes language to extend dozens of tax breaks, which would add $680 billion to the deficit. In a floor speech Thursday, he said it's irresponsible to hand out tax breaks that sink the country further into debt.

"We are giving out $680 billion in irresponsible tax breaks Christmas gifts to every special interest and corporation that asked for one," he said Thursday. "We gave Christmas presents to millionaire race car drivers and motorcycle riders, film, television and theater producers and even race horse owners."

"But I don't think many middle class Americans would be happy to know we gave away billions of dollars in tax gifts to millionaires and billionaires at their expense," he added. "And they should be especially upset that we did it by mortgaging the futures of their children and grandchildren."

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