On a near straight party line vote (235-193) this afternoon, the U.S. House passed the Republican budget plan that privatizes Medicare, cuts corporate taxes and taxes for the wealthy, cuts Medicaid funding repeals health care reform and costs up to 2 million jobs. All Democrats as well as four Republicans voted against the bill. (Get the vote breakdown here.)

AFL-CIO President Richard Trumka issued the following statement today on President Obama’s speech on fiscal policy and the federal budget.

Today, President Obama gave a promise to America’s working people that he wouldn’t follow the path of the radical Republican fiscal agenda that leads to lost jobs and a national decline of standards. That commitment is essential at this crucial moment for children, students, seniors and everyone who hopes for a secure economic future.

The closer we examine the House Republican budget plan for 2012 put together by Rep. Paul Ryan (R-Wis.), the worse it looks. Two new analyses show not only would Ryan’s plan to cut Medicaid cost 2 million mostly private-sector jobs, but—and this is scary—if the nation followed Ryan’s budget road map, the federal government would nearly vanish by 2050.

The Republican budget plan unveiled yesterday privatizes Medicare, cuts corporate taxes and taxes for the wealthy, cuts Medicaid funding and repeals health care reform. Says AFL-CIO President Richard Trumka:

Just as Republican governors and state legislators are assaulting the rights of working Americans under the guise of budget crises…Republican leaders in Congress are using the federal budget to further their own political agendas. Their credo is that tax giveaways to the super rich and Wall Street should be paid for on the backs of working people.