Research Briefing

$45.1 Trillion:

Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021. (OMB, 9/1/11)

$24.0 Trillion:

Projected Federal Debt In 2021 Due To Obama’s Binge Spending. (OMB, 9/1/11)

$15.2 Trillion:

Current National Debt ($15,236,541,899,973.10). (U.S. Treasury Department, Accessed 1/9/12)

$9.1 Trillion:

Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2021. (OMB, 9/1/11)

$6.4 Trillion:

Cumulative Deficits Caused By President Obama’s Deficit Reduction Proposal. (OMB, 9/19/11)

$5.2 Trillion:

Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2012-2021. (OMB, 9/1/11)

$4.6 Trillion:

Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 1/9/12)

$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 Obama’s 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 Obama’s “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 Obama’s First Stimulus With Interest.  (CBO, 8/24/11, CBO, 1/27/09)

$1.13 Trillion:

American Debt Held By China. (U.S. Treasury Department, Accessed 1/9/12)

$825 Billion:

Price Tag Of Obama’s First Failed Stimulus. (CBO, 8/24/11)

$763 Billion:

Net Interest Payment On Our National Debt In 2021 Due To Obama’s Proposed Budget. (OMB, 9/1/11)

$575 Billion:

Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)

$535 Million:

Stimulus Loan To The Failed Solar Company Solyndra. (The Oakland Tribune, 11/4/10)

$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 Obama’s Second Stimulus. (The White House, 9/8/11)

$347.1 Billion:

Debt Service Costs For Borrowing To Pay For Obama’s First Stimulus. (CBO, 1/27/09)

$232 Billion:

Projected Burden Of New Regulations For 2011. (American Action Network, 1/9/12)

$175 Billion:

Increased Spending In Obama’s Second Stimulus. (CBO, 10/5/11)

$141 Billion:

Taxpayer Funds For Fannie Mae And Freddie Mac. (The Hill, 10/27/11)

133 Million:

Annual Paperwork Burden Hours Imposed By Regulators In 2011. (American Action Network, 1/2/12)

49.1 Million:

Number Of Americans Living In Poverty (Supplemental Poverty Measure). (US Census Bureau, 11/7/11)

46.2 Million:

Record Number Of Americans Living In Poverty (Official Measure). (U.S. Census Bureau, 9/13/11)

46.2 Million:

Record Number Of Americans Receiving Food Stamps. (Department Of Agriculture, 1/9/12)

$24 Billion:

Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)

$18 Million:

Cost Of The Stimulus Website Recovery.org. (ABC News’ “The Note“ Blog, 7/8/09)

$15.6 Million

Amount Obama Has Raised From Wall Street – More Than All The GOP Candidates Combined. (Dan Eggen And T.W. Farnam, “Obama Still Flush With Cash From Financial Sector Despite Frosty Relations,” The Washington Post, 10/19/11; TW Farnam, “MF Global Ties Awkward For Obama Campaign,” The Washington Post, 11/2/11)

13.1  Million:

Unemployed Americans. (Bureau of Labor Statistics, Accessed 1/9/12)

8.1 Million:

Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, Accessed 1/9/12)

7.7 Million:

Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 1/9/12)

5.6 Million:

Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 1/9/12)

$5 Million:

Obama Campaign Cash Raised By Bundlers In The Lobbying Industry. (The New York Times, 10/27/11)

3.6 Million:

Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. (HHS.gov, Accessed 1/9/12)

6.3 Million:

Number Of Americans That Fell Into Poverty Since Obama Took Office.  (U.S. Census Bureau, 9/13/11)

1.7 Million:

Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 1/9/12)

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)

1.35 Million:

Personal Bankruptcies In 2011. (Los Angeles Times, 1/5/12)

1.1 Million:

Private Sector Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 1/9/12)

1.0 Million:

Construction Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 1/9/12)

945,000:

Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed 1/9/12)

937,000:

Jobs Lost Since Obama’s Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 1/9/12)

769,000:

Manufacturing Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 1/9/12)

332,000:

Private Sector Jobs Lost Since Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 1/9/12)

$278,000:

Cost Per A Stimulus Job. (The Weekly Standard, 7/6/11)

165,400:

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 1/9/12; 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)

63,300:

Number Of Heavy And Civil Engineering Construction Jobs Lost Since The Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 1/9/12)

50,000:

Workers That Dropped Out Of The Labor Force In December. (The Wall Street Journal, Accessed 1/7/12)

$49,349:

Your Share Of The National Debt. (U.S. Treasury Department Accessed 11/7/11; U.S. Census Bureau, Accessed 1/9/12)

45,696:

Pages Of New Rules Added To The Federal Register During Obama’s First Two Years In Office. (Competitive Enterprise Institute, 2011)

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 From Federal Regulations. (Small Business Administration, September 2010)

$14,930:

Increase In Your Share Of The National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 1/9/12; U.S. Census Bureau, Accessed 11/7/11)

        $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 Medicare’s 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)

1,722:

Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 1/9/12)

408:

Number Of Regulations Proposed By Obama During First Two Years That Have An Economic Impact Of Over $100 Million. (Competitive Enterprise Institute, 2011)

98:

Current Or Former Registered Lobbyists In The Obama Administration. (Center For Responsive Politics, Opensecrets.org, Accessed 10/7/11)

90:

Number Of Bank Failures In 2011. (FDIC, 12/6/11)

70%:

Americans That Say The Country Is Headed In The Wrong Direction. (CNN, 12/23/11)

82%:

Federal Debt Held By The Public As Share Of GDP In 2021. (CBO, 8/24/11)

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/ABC’s World News Tonight/Watchdog Institute, 2/8/10)

69.1%:

Federal Debt Held By The Public As Share Of GDP By End Of The Year. (Treasury Direct, Accessed 1/3/12; Bureau Of Economic Analysis, Accessed 1/3/12)

65%:

Voters Who Say The Nation Is On The Wrong Track. (CBS, 1/9/12)

48.5%:

Households That Receive Some Form Of Government Assistance. (The Wall Street Journal, 10/5/11)

45%:

Voters Who Approve Of Obama’s Job Performance. (CBS, 1/9/12)

44.8%:

Top Tax Rate By 2014 Under Obama’s FY2012 Budget. (The Washington Post, 5/16/11)

43.4%:

Increase In National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 1/9/12)

40.8:

Number Of Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, Accessed 1/9/12)

38%:

Americans Who Approve Of Obama’s Handling Of The Economy. (CBS, 12/16/11)

35:

Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 1/9/12)

34.2%:

Households That Receive Either Food Stamps, Subsidized Housing, Cash Welfare Or Medicaid. (The Wall Street Journal, 10/5/11)

30.6%:

Unemployed Workers Out Of Work For Over A Year. (Bureau of Labor Statistics, Accessed 1/9/12)

29%:

Share Of Existing Home Sales In October That Were Distressed Properties (Foreclosures And Short Sales). (National Association Of Realtors, 12/21/11)

25.9%:

Federal Spending As A Share Of GDP By 2021. (CBO, 6/22/11)

22.1%:

Home Loans Underwater (Negative Equity) In Third Quarter Of 2011. (Reuters, 11/29/11)

18%:

Amount GNP Would Be Lowered Due To Debt’s 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)

15.2%:

Workers Unemployed, Underemployed Or Marginally Attached To The Labor Force. (Bureau of Labor Statistics, Accessed 1/9/12)

15.1%:

Americans Living In Poverty. (U.S. Census Bureau, 9/13/11)

8.5%:

Unemployment Rate. (Bureau of Labor Statistics, Accessed 1/9/12)

8.15%:

Percent Of Home Loans Delinquent In November. (Lender Processing Services, 1/6/12)

3.5%:

Decline In Median Home Sale Price In The Last Year. (National Association Of Realtors, 12/21/11)

3:

Record +$1 Trillion Deficits On Obama’s Watch. (CBO, 10/7/11)

2.3%:

Decline In Median Household Income In 2010. (U.S. Census Bureau, 9/13/11)

0:

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