Congressman John Campbell's Blog - Green Eyeshade Blog

Tuesday, March 04, 2008

Intro to the Budget FY2009

Posted by: John Campbell at 6:47 PM

The Budget Committee Hearing Mark-up of the “Concurrent Resolution on the Budget for Fiscal Year 2009.” I will be spending all day tomorrow at this committee markup.

We haven’t seen the Democrat’s version of the budget, but it doesn’t promise to be good. After 3 years of declining budget deficits, this year the deficit being proposed will more than double from last year. The new budget deficit for the 2009 fiscal year is estimated to be $410 Billion on total spending for the first time exceeding 3 Trillion dollars.

Scary thought. I will have more on this tomorrow as the day progresses.

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About John Campbell

John Campbell is a member of the House Financial Services Committee, and has taken a leadership role in addressing the country's top economic issues. Campbell serves as a member of the Joint Economic Committee, and House Committee on the Budget. He has a Bachelor's Degree in Economics from UCLA and a Master's Degree in Taxation from USC.