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Obama Administration Spending Analysis

The document lists numerous statistics related to the federal budget and economy under President Obama's administration. It shows trillion-dollar deficits, a rising national debt, increased spending and regulations, and poor economic indicators like high unemployment. The statistics are meant to argue that Obama's policies have significantly increased the debt and not improved the economy.
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0% found this document useful (0 votes)
6K views6 pages

Obama Administration Spending Analysis

The document lists numerous statistics related to the federal budget and economy under President Obama's administration. It shows trillion-dollar deficits, a rising national debt, increased spending and regulations, and poor economic indicators like high unemployment. The statistics are meant to argue that Obama's policies have significantly increased the debt and not improved the economy.
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

October 11, 2011

Obama By The Numbers


______________________________________________________________________

$45.1 Trillion: Total Federal Spending Proposed By Obamas FY2012 Budget Through 2021.
(OMB, 9/1/11)

$24.0 Trillion: Projected Federal Debt In 2021 Due To Obamas Binge Spending. (OMB, 9/1/11) $14.9 Trillion: Current National Debt. (U.S. Treasury Department, Accessed 10/5/11) $9.1 Trillion: Amount Obamas FY2012 Budget Would Add To The Debt Through FY2021.
(OMB, 9/1/11)

$6.4 Trillion: Cumulative Deficits Caused By President Obamas Deficit Reduction Proposal. (OMB, 9/19/11) $5.2 Trillion: Total Interest Payments On The National Debt Due To Obamas Proposed Budget, FY2012-2021. (OMB, 9/1/11) $4.2 Trillion: Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed
10/6/11)

$2.6 Trillion: True Cost Of ObamaCare Once Fully Implemented. (Office Of The Speaker Of The U.S. House Of
Representatives, Report, 1/6/11)

$1.75 Trillion: Annual Cost Of Federal Regulations. (Small Business Administration, September 2010) $1.57 Trillion: Tax Hikes In Obamas Deficit Reduction Proposal. (OMB, 9/19/11) $1.416 Trillion: Federal Budget Deficit For FY2009 Highest In U.S. History. (CBO, 10/7/10) $1.334 Trillion: Projected FY2012 Budget Deficit Under Obamas Deficit Reduction Proposal.
(OMB, 9/19/11)

$1.298 Trillion: Federal Budget Deficit For FY2011 Second Highest In U.S. History. (CBO, 10/7/11) $1.294 Trillion: Federal Budget Deficit For FY2010 Third Highest In U.S. History. (CBO, 10/7/10) $1.17 Trillion: Total Cost Of Obamas First Stimulus With Interest.
(CBO, 8/24/11, CBO, 1/27/09)

$1.17 Trillion: American Debt Held By China. (U.S. Treasury Department, Accessed 10/6/11) $763 Billion: Net Interest Payment On Our National Debt In 2021 Due To Obamas Proposed Budget. (OMB, 9/1/11) $825 Billion: Price Tag Of Obamas First Failed Stimulus. (CBO, 8/24/11) $575 Billion: Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)
Paid for by the Republican National Committee. 310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - [Link] Not authorized by any candidate or candidates committee.

$491.7 Billion: Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10; Joint Committee On Taxation,
3/2/10)

$447 Billion: Price Tag Of Obamas Second Stimulus. ([Link], 9/8/11) $347.1 Billion: Debt Service Costs For Borrowing To Pay For Obamas First Stimulus. (CBO,
1/27/09)

$175 Billion: Increased Spending In Obamas Second Stimulus. (CBO, 10/5/11) $170 Billion: Taxpayer Funds For Fannie Mae And Freddie Mac. (Bloomberg, 8/5/11) $105 Billion: Projected Cost Of New Regulations For 2011. (American Action Network, 9/30/11) $24 Billion: Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011) $535 Million: Stimulus Loan To The Failed Solar Company Solyndra. (The Oakland Tribune, 11/4/10) 81.9 Million: Annual Paperwork Burden Hours Imposed By Regulators In 2011. (American Action
Network, 9/30/11)

46.2 Million: Record Number Of Americans Living In Poverty. (U.S. Census Bureau, 9/13/11) 45.3 Million: Record Number Of Americans Receiving Food Stamps. (Department Of Agriculture, 9/29/11) $18 Million: Cost Of The Stimulus Website [Link]. (ABC News The Note Blog, 7/8/09) 14.0 Million: Unemployed Americans. (Bureau of Labor Statistics, Accessed 10/7/11) 9.3 Million: Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, Accessed
10/7/11)

7.3 Million: Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 10/6/11) 6.2 Million: Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 10/7/11) 4.0 Million: Mortgages Either 90 Days Late Or In Foreclosure During August. (Lender Processing
Services, 10/3/11)

3.4 Million: Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. ([Link], Accessed 10/6/11) 2.6 Million: Number Of Americans That Fell Into Poverty Between 2009 And 2010.
Bureau, 9/13/11) (U.S. Census

2.2 Million: Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 10/7/11) 1.6 Million: Private Sector Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed
10/7/11)

1.5 Million: Jobs Lost Since Obamas Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 10/7/11) 1.59 Million: Personal Bankruptcies In 2010. (United States Courts, 2/15/11) $1.5 Million: Stimulus Funds Sent To Indonesia To Discourage Air Pollution In Jakarta. (The
Daily Caller, 7/7/11)

1.47 Million: Personal Bankruptcies In 2009. (United States Courts, 2/15/11) 1.0 Million: Construction Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 10/7/11) 1.0 Million: Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed
10/7/11)

911,000: Private Sector Jobs Lost Since Stimulus Was Passed. (Bureau of Labor Statistics, Accessed
10/7/11)

2 Paid for by the Republican National Committee. 310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - [Link] Not authorized by any candidate or candidates committee.

818,000: Manufacturing Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed
10/7/11)

709,303: Personal Bankruptcies During First Half Of 2011. (The Wall Street Journal, 7/5/11) 690,969: Avoided Foreclosure Through HAMP, Obama Had Promised To Help As Many As Nine Million. (Los Angeles Times, 10/5/11; President Obama, Remarks In Mesa, AZ, 2/18/09) $278,000: Cost Per A Stimulus Job. (The Weekly Standard, 7/6/11) 170,300: Number Of Local Government Education Jobs Lost Since Obama Signed A $10 Billion Teacher Union Bailout He Said Would Save 160,000 Teacher Jobs. (Bureau
of Labor Statistics, Accessed 10/7/11; The Washington Post, 8/10/10)

89,000: The Number Of Stimulus Checks Sent To Dead Or Incarcerated People. (The Wall
Street Journal, 10/7/10)

81,405: Record Number Of Pages Added To The Federal Register In 2010. (Competitive
Enterprise Institute, 2011)

57,700: Number Of Heavy And Civil Engineering Construction Jobs Lost Since The Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 10/7/11) $48,120: Your Share Of The National Debt. (U.S. Treasury Department Accessed 10/6/11; U.S. Census Bureau,
Accessed 10/6/11)

45,696: Pages Of New Rules Added To The Federal Register During Obamas First Two Years In Office. (Competitive Enterprise Institute, 2011) $26,668: Amount Obamas FY2012 Budget Would Add To Your Share Of The National Debt By 2021. (U.S. Treasury Department Accessed 10/7/11; OMB, 9/1/11; U.S. Census Bureau, Accessed 10/7/11) 23,000: The Number Of Jobs Obama Knew His Drilling Moratorium Would Kill. (The Wall
Street Journal, 8/21/10)

$15,500: Annual Cost Per Household Of Federal Regulations. (Small Business Administration, September
2010)

$13,700: Increase In Your Share Of The National Debt Since Obama Took Office. (U.S.
Treasury Department Accessed 10/6/11; U.S. Census Bureau, Accessed 10/6/11)

$11,300: Negative Effect Of Debt On Gross National Product Per Person In 2035. (CBO,
6/22/11)

$10,585: Cost Per Employee That Federal Regulations Place On Small Businesses. (Small
Business Administration, September 2010)

3,700: Number Of Tax Delinquents Who Received Stimulus Funds. (Government Accountability
Office, April 2011)

2060: Year Federal Spending Will Reach 50 Percent Of GDP. (CBO, 6/22/11) 2037: Year That Federal Debt Will Reach 200 Percent Of GDP. (CBO, 6/22/11) 2036: Year That The Social Security Trust Fund Will Be Exhausted. (The Trustees Of Social
Security & Medicare, 5/10/11)

2020: Year That The CBO Predicts Medicares Trust Fund Will Be Exhausted. (CBO,
3/18/11)

1,603: Number Of Regulations That Would Impact Small Businesses Proposed By Obama Administration In First Two Years In Office. (Competitive Enterprise Institute, 2011) 1,578: Number Of Waivers Granted To Unions And Businesses So That ObamaCare
3 Paid for by the Republican National Committee. 310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - [Link] Not authorized by any candidate or candidates committee.

Would Not Outlaw Their Health Care Plans. ([Link], Accessed 10/6/11) 1,000: Number Of Jobs Obamas NLRB Is Trying To Kill In South Carolina. (The Denver Post,
5/2/11)

408: Number Of Regulations Proposed By Obama During First Two Years That Have An Economic Impact Of Over $100 Million. (Competitive Enterprise Institute, 2011) 300: Taxpayer-Subsidized Chevy Volts Sold In August. (CNN Money, 9/29/11) 102%: Total Federal Debt As A Share Of GDP. (U.S. Treasury Department Accessed 10/6/11; Bureau Of
Economic Analysis, Accessed 10/6/11)

82%: Federal Debt Held By The Public As Share Of GDP In 2021. (CBO, 8/24/11) 81%: Americans Dissatisfied With The Way Things Are Going. (Quinnipiac Poll, 2118 RV, MoE
2.1%, 9/27-10/3/11)

80%: Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. (The Washington Post, 6/15/10) 79%: Stimulus Funds For Wind, Solar And Geothermal Energy Projects That Went To Foreign Firms. (Investigating Reporting Workshop/ABCs World News Tonight/Watchdog Institute, 2/8/10) 77%: Americans That Believe We Are Currently In A Recession. (Politico, 10/6/11) 73: Number Of Bank Failures This Year. (FDIC, 9/30/11) 68.6%: Federal Debt Held By The Public As Share Of GDP By End Of The Year. (OMB,
9/19/11)

64%: Voters Who Disapprove Of Obamas Handling Of The Economy. (Quinnipiac Poll, 2118
RV, MoE 2.1%, 9/27-10/3/11)

55%: Americans That Disapprove Of Obamas Handling Of The Presidency, The Highest Level Since Taking Office. (Quinnipiac Poll, 2118 RV, MoE 2.1%, 9/27-10/3/11) 48.5%: Households That Receive Some Form Of Government Assistance. (The Wall Street
Journal, 10/5/11)

44.8%: Top Tax Rate By 2014 Under Obamas FY2012 Budget. (The Washington Post, 5/16/11) 43%: Americans That Believe Their Taxes Will Go Up If Obama Is Reelected. (Quinnipiac
Poll, 2118 RV, MoE 2.1%, 9/27-10/3/11)

40.5: Number Of Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, Accessed 10/7/11) 39.8%: Increase In National Debt Since Obama Took Office. (U.S. Treasury Department Accessed
10/6/11)

34.2%: Households That Receive Either Food Stamps, Subsidized Housing, Cash Welfare Or Medicaid. (The Wall Street Journal, 10/5/11) 32.4%: Unemployed Workers Out Of Work For Over A Year. (Bureau of Labor Statistics, Accessed
10/7/11)

32: Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 10/7/11) 31%: Share Of Existing Home Sales In August That Were Distressed Properties (Foreclosures And Short Sales). (National Association Of Realtors, 9/21/11) 25.9%: Federal Spending As A Share Of GDP By 2021. (CBO, 6/22/11)
4 Paid for by the Republican National Committee. 310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - [Link] Not authorized by any candidate or candidates committee.

23%: Home Loans Underwater (Negative Equity) In August. (Lender Processing Services, 10/3/11) 18%: Amount GNP Would Be Lowered Due To Debts Effect On Economic Growth By 2035. (CBO, 6/22/11) 17%: Cut To Medicare Benefits When Trust Fund Is Exhausted. (House Ways & Means Committee
Hearing, 6/22/11)

16.5%: Workers Unemployed Or Underemployed. (Bureau of Labor Statistics, Accessed 10/7/11) 15.1%: Americans Living In Poverty. (U.S. Census Bureau, 9/13/11) 11%: Americans That Think The Economy Is Improving. (Politico, 10/6/11) 9.1%: Unemployment Rate. (Bureau of Labor Statistics, Accessed 10/7/11) 8.13%: Percent Of Home Loans Delinquent In August. (Lender Processing Services, 10/3/11) 5.1%: Decline In Median Home Sale Price In The Last Year. (National Association Of Realtors,
9/21/11)

3.6%: Inflation Rate During The Last 12 Months. (The Wall Street Journal, 7/6/11) 3: Record +$1 Trillion Deficits On Obamas Watch. (CBO, 10/7/11) 2.3%: Decline In Median Household Income In 2010. (U.S. Census Bureau, 9/13/11) 2.2%: Residential Investment In Second Quarter, Lowest Level Since 1945. (The Wall Street
Journals Real Time Economics, 10/1/11)

1.3%: GDP Growth In The Second Quarter Of 2011. (Bureau Of Economic Analysis, Accessed 10/6/11) 0.4%: GDP Growth In The First Quarter Of 2011. (Bureau Of Economic Analysis, Accessed 10/6/11) 0: Number Of Co-Sponsors For Obamas Second Stimulus. (American Jobs Act Of 2011,
Accessed10/10/11)

0: Other People Obama Will Have Left To Blame For The Failures Of His Economic Policies In 2012. (The American People, 11/6/12)

5 Paid for by the Republican National Committee. 310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - [Link] Not authorized by any candidate or candidates committee.

6 Paid for by the Republican National Committee. 310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - [Link] Not authorized by any candidate or candidates committee.

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