Posted by Congressman John Campbell at 12:00 am on Dec 18, 2007 Comments Off on Still More Money to be Saved
There is finally a budget deal. The Democrats agreed to only
spend the total budget amount that the President had asked for.
That saves you nearly $150 billion over the next 5 years (because
the base for future increases is lower) which is enough to avoid
the increases in the Alternative Minimum Tax that many want to see.
I feel particularly happy about this because this all really
started with the letter I circulated this spring on which 147
members of Congress agreed to uphold the president’s veto of any
spending bill over his requested amount. Bills went to the
president, he vetoed them and the vetoes were upheld which is why
majority Democrats had to make a deal. That all worked out quite
well.
However, I still voted against the spending bill, and here’s
why:
•First of all, I actually thought the President’s spending
number was too high also. We cannot continue to increase spending
by, or in excess of, the growth in the economy or we will never get
to a balanced budget.
•Secondly, the deal included $11 billion in one-time new
spending.
•Third, it has at least 8000 earmarks in it for nearly $20
billion. Much of this… Read More