Research Briefing

A Look Back At Obama’s Binge Spending On The 2nd Anniversary Of The Stimulus

$46 Trillion:             Amount Of Spending Contained In Obama’s Latest Budget Over Ten Years  (Office Of Management And Budget, 2/14/11)

$26.3 Trillion:         Amount Of Debt Expected In 2021 (Office Of Management And Budget, 2/14/11)

$15.48 Trillion:       Estimated Amount Of Debt This Year (Office Of Management And Budget, 2/14/11)

$7.2 Trillion:            Ten-Year Deficits Under Obama’s Budget (Office Of Management And Budget, 2/14/11)

$1.65 Trillion:          Estimated FY 2011 Deficit (Office Of Management And Budget, 2/14/11)

$814 Billion:            Price Tag Of Obama's Failed Stimulus (Bloomberg, 8/20/10)

$2 Billion:                 Amount Of Stimulus Funds That Have Gone To Foreign Manufacturers Of Wind Turbines  (ABC News, 2/9/10)

$54 Million:             Amount Of Stimulus Funds Spent On A Napa Valley Wine Train (Good Morning America, 2/2/10)

43.6 Million:            Number Of People On Food Stamps  (The Wall Street Journal, 2/2/11)

$18 Million:             Cost Of The Stimulus Website Recovery.org  (ABC News,7/8/09)

13.9 Million:             Unemployed Americans  (Bureau of Labor Statistics, 10/8/10)

6.2 Million:               Americans Unemployed For Longer Than 27 Weeks  (Bureau of Labor Statistics, 10/8/10)

$6 Million:                Amount Of Stimulus Funds Used To Make Snow In Snowy Duluth, MN   (The Wall Street Journal, 10/28/09)

3.8 Million:               Increase In The Number Of People Who Fell Into Poverty In 2009   (NPR, 9/16/10)

3.5 Million:               Number of Jobs Obama Said Stimulus Would Create (Remarks By President Obama, 2/17/09)

2.6 Million:               Number Of Jobs Lost Since The Stimulus Was Passed  (U.S. Bureau Of Labor Statistics, Accessed: 2/16/11)

2.5 Million:               Number Of Jobs Candidate Obama Said Shovel-Ready Projects Would Create (Remarks By President-Elect Obama, 12/16/08)

$650,000:                 Amount Illinois Spent On Stimulus Signs  (ABC News, 7/14/10)

$325,394:                 Amount Of Stimulus Funds To Study How Environment Affects The Mating Decisions Of Female Cactus Bugs  (The Orlando Sentinel, 2/16/10)

$219,000:                 Amount of Stimulus Funds To Study The Sex Life Of Female College Freshmen (The Daily Orange, 3/7/10)

$157,000:                 Amount Pennsylvania Spent On Stimulus Signs.  (ABC News, 7/14/10)

$100,000:                 Amount Spent On A Martini Bar And Brazilian Steak House  (CBS, 12/9/09)

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

$15,551:                   Amount Of Stimulus Funds That Went To Study Drunk Mice  (The Orlando Sentinel, 2/16/10)

$250:                         Amount Of Stimulus Checks That Went To Prisoners  (CBS, 12/9/09)

102.6  Percent:         Debt To GDP Ratio To Be Reached This Year  (The Washington Times, 2/14/11)

68 Percent:               Number Of Americans Who Disapprove Of Obama’s Handling Of The Budget  (Gallup, 1015A, MoE 4%, 2/2-5/11)

21:                            Number Of Months Unemployment Has Been At Or Above 9 Percent  (U.S. Bureau Of Labor Statistics, Accessed: 2/16/11)

9 Percent:                 Current Unemployment Rate (U.S. Bureau Of Labor Statistics, Accessed: 2/16/11)

8 Percent:                 Unemployment Rate Obama Promised We’d Stay Under If The Stimulus Was Passed (“The Job Impact Of The American Recovery And Reinvestment Plan," 1/9/09)               

0:                                Number Of White House Officials Who Agreed To Testify Regarding The Stimulus (The Wall Street Journal, 2/16/11)

0:                                Number Of Shovel-Ready Projects Obama Now Admits Exist. (The New York Times, 10/13/10)