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Obama By The Numbers

- August 9, 2013

As Obama Prepares To Go On Summer Vacation, A Look At How America Is Doing Under His Leadership

At Obama’s 2013 Knox College Speech On The Economy, He Pledged To “Use Every Minute” To Ensure That The Country Works For Working Americans Again. “I care about one thing and one thing only, and that’s how to use every minute the only thing I care about is how to use every minute of the remaining 1,276 days of my term to make this country work for working Americans again. That’s all I care about. I don’t have another election.” (President Barack Obama, Remarks On The Economy, Galesburg, IL, 7/24/13)

AFTER PLEDGING TO SPEND “EVERY MINUTE” FOCUSED ON THE ECONOMY, A LOOK AT THE LEGACY OBAMA WILL FACE AFTER HIS VACATION

$46.5 Trillion:

Total Federal Spending Proposed By Obama’s FY2014 Budget Through 2023. (OMB, 4/10/13)

$25.8 Trillion:

Projected Federal Debt In 2023 Due To Obama’s Binge Spending. (OMB, 7/8/13)

$16.7 Trillion:

Current National Debt ($16,738,548,043,209.68). (U.S. Treasury Department, Accessed 8/8/13)

$8.7 Trillion:

Amount Obama’s FY 2014 Budget Would Add To The Debt Through FY2023. (OMB, 7/8/13)

$6.3 Trillion:

Cumulative Deficits Over FY2014-2023. (CBO, 5/14/13)

$6.1 Trillion:

Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 8/8/13)

$5.1 Trillion:

Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY 2014-2023. (CBO, 6/10/13)

$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)

$1.8 Trillion:

Cost Of ObamaCare’s Coverage Provisions From 2014 To 2023. (CBO, 7/30/13)

$1.5 Trillion:

Total Tax Increases In The Senate Democrat Budget. (The Wall Street Journal, 3/14/13)

$1.413 Trillion:

Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 2/5/13)

$1.316 Trillion:

American Debt Held By China. (U.S. Treasury Department, Accessed 8/8/13)

$1.296 Trillion:

Federal Budget Deficit For FY2011 – Second Highest In U.S. History. (CBO, 2/5/13)

$1.294 Trillion:

Federal Budget Deficit For FY2010 – Third Highest In U.S. History. (CBO, 2/5/13)

$1.2 Trillion:

Total New Taxes On American Families And Businesses In Obama’s Budget. (OMB, 4/10/13)

$1.09 Trillion:

Federal Budget Deficit For FY2012 – Fourth Highest In U.S. History. (CBO, 5/14/13)

$819.3 Billion:

Amount Of Taxes In ObamaCare. (CBO, 3/13/12; JCT, 6/15/12; CBO, 7/30/13)

$642 Billion:

Projected Federal Budget Deficit For FY2013 – Fifth Highest In U.S. History. (CBO, 5/14/13)

$518 Billion:

Amount Of Regulatory Burden Since Obama Took Office. (American Action Forum, 1/14/13)

$290 Billion:

U.S. Trade Deficit With China In 2012. (U.S. Census Bureau, Accessed 8/8/13)

$236.7 Billion:

Amount Of Regulatory Burden In 2012. (American Action Forum, 1/14/13)

$130 Billion:

Amount Employers Will Pay In ObamaCare Mandated Penalties From 2013 To 2022. (CBO, 7/30/13)

$74.6 Billion:

Amount The Government Spent On Food Stamps In 2012, “Roughly Equivalent To The Combined Budgets Of The Department Of Homeland Security, The Justice Department And The Department Of The Interior.” (The Wall Street Journal, 3/27/13)

$44 Billion:

Improper Medicare Payments In 2012. (GAO, p. 53, 2/13)

$29.1 Billion:

Taxes On Medical Device Manufacturers Due To Obamacare. (JCT, 6/15/12)

$19.2 Billion:

Improper Medicaid Payments In 2012. (GAO, p. 53, 2/13)

$4 Billion:

New Taxes On Americans Who Save For Their Health Costs. (JCT, 6/15/12)

$521 Million:

Taxpayer Dollars Wasted On Failed Energy Company Solyndra. (The Washington Post, 8/1/12)

$450 Million:

Amount The Government Wastes Per Year On Needless Data Centers. (GAO, p. 66, 3/11)

$400 Million:

Taxpayer Dollars Wasted On Failed Energy Company Abound Solar. (Indianapolis Business Journal, 12/15/10; Reuters, 7/2/12)

$171 Million:

Taxpayer Dollars Wasted On Failed Energy Company Fisker. (The Washington Post, 4/24/13)

$118.5 Million:

Taxpayer Dollars Wasted On Failed Energy Company Ener1. (The Hill’s E2 Wire, 1/26/12)

111 Million:

Paperwork Burden Hours Added Due To ObamaCare. (AAF, 3/25/13)

86.8 Million:

Amount Of Paperwork Burden Hours Imposed By Federal Government Regulations In 2012.  (American Action Forum, 1/14/13)

$54 Million:

Taxpayer Dollars Wasted On Stimulus Funds For A Napa Valley Wine Train. (“Good Morning America,” 2/2/10)

$48.6 Million:

Cost Of All IRS Conferences From FY2010 To FY2012. (TIGTA, 5/31/13)

46.2 Million:

Record Number Of Americans In Poverty. (The Associated Press, 7/28/13)

$43 Million:

Taxpayer Dollars Wasted On Beacon Power. (The Wall Street Journal, 10/27/11)

22.2 Million:

Americans Unemployed, Underemployed Or Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed 8/8/13)

11.5  Million:

Unemployed Americans. (Bureau of Labor Statistics, Accessed 8/8/13)

8.2 Million:

Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, Accessed 8/8/13)

7 Million:

Amount Of Americans Who Will Lose Their Employer-Based Health Insurance Due To ObamaCare. (CBO, 5/14/13)

988,000:

Discouraged Workers Who Have Stopped Looking For Work. (Bureau of Labor Statistics, Accessed 8/8/13)

766,000:

Increase In Part-Time Jobs Since January 2013 Alone. (Bureau of Labor Statistics, Accessed 8/8/13)

761,000:

Construction Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 8/8/13)

$750,000:

Lease Cost Per Year Of EPA Warehouse That Featured Man-Caves, Vermin Feces, And Mold. (EPA IG, 5/31/13)

581,000:

Manufacturing Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 8/8/13)

$400,000:

Amount Obama Has Spent On Oil Portraits Of Cabinet Secretaries And Generals Since 2011. (ABC News, 3/4/13)

$142,527:

Cost Of Catering For The 2010 GSA Western Regions Conference In Vegas. (GSA IG, 4/2/12)

$135,350:

Cost Of Guest Speakers For 2010 IRS Conference In Anaheim, Which Included Keynote Painting Sessions Of Michael Jordan And Bono. (TIGTA, 5/31/13)

97,200:

New Non-USPS Government Employees Since Obama Took Office. (Bureau Of Labor Statistics, Accessed 8/8/13)

62,900:

Shortage Of Doctors By 2015 Due To ObamaCare. (The New York Times, 7/28/12)

$58,808:

Cost Of Ill-Gotten GSA Contract For “Audio-Visual” Services During 2010 Western Regions Conference. (GSA IG, 4/2/12)

$52,900:

Your Share Of The National Debt. (U.S. Treasury Department Accessed 8/8/13; U.S. Census Bureau, Accessed 8/8/13)

$50,187:

Cost Of Videos For 2010 IRS Conference In Anaheim, Which Included A Star Trek Re-Make And Recording Of Employees Dancing. (TIGTA, 5/31/13)

43,000:

Number Of Jobs Threatened By Obamacare’s Medical Device Tax. (The Associated Press, 12/28/12)

$27,500:

Cost Of Procuring A Single Speaker For The 2010 IRS Conference In Anaheim That Spoke About “The Medici Effect.” (TIGTA, 5/31/13)

20,000:

Pages Of Obamacare Regulations. (The Washington Post, 5/15/13)

$19,315:

Increase In Your Share Of The National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 8/8/13; U.S. Census Bureau, Accessed 8/8/13)

$15,745:

Average Cost Of Family Health Care Premiums, A $3,065 Increase Since Obama Took Office. (The Kaiser Family Foundation, 2012)

13,000:

Women Who Have Lost Manufacturing Jobs In The Past 3 Years. (The Wall Street Journal, 3/26/13)

6,000:

American Jobs Already Cut Due To Obamacare’s Medical Device Tax. (The Associated Press, 12/28/12)

2033:

Year That The Social Security Trust Fund Will Be Exhausted. (The Trustees Of Social Security & Medicare, 5/31/13)

2026:

Year That Medicare’s Trust Fund Will Be Exhausted. (The Trustees Of Social Security & Medicare, 5/31/13)

2018:

Year That Debt Held By The Public Will Exceed $20 Trillion. (CBO, 5/14/13)

1979:

The Last Time The Labor Force Participation Rate Was As Low As It Has Been In The Last Three Months. (Bureau of Labor Statistics, Accessed 8/8/13)

1,722:

Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 8/8/13)

$866.40:

The Current Monthly Price Of A Moderate-Cost Food Plan For A Family Of Four With Young Children, Up From $819.40 Since Obama Became President. (USDA, 2/09; USDA, 6/13)

822:

Number Of Regulations In The Obama Administration Pipeline That Would Impact Small Businesses. (Competitive Enterprise Institute, 2012)

$695:

Obamacare Penalty On Americans That Choose Not To Carry Insurance. (CBO, 9/12)

583:

Hours Obama Has Spent At Martha’s Vineyard As President. (The Boston Globe, 7/17/13)

255:

Average Monthly Increase In Family Health Care Premiums Under Obama. (Kaiser, 9/11/12; Kaiser, 9/24/08)

100%:

Increase In The Average Price Per Gallon Of Gas Since Obama Took Office. (U.S. Energy And Information Administration, Accessed 8/8/13)

98:

Regulatory Entities Created By Obamacare. (Bloomberg, 7/26/10)

92:

Vacation Days Obama Has Spent As President. (USA Today, 8/8/13)

80%:

Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. (Federal Register, 6/17/10)

79:

Senators That Voted To Repeal Obamacare’s Medical Device Tax. (Politico, 3/22/13)

83%:

Federal Debt Held By The Public As Share Of GDP By The End Of FY2023 – “The Largest Share Since 1948.” (CBO, 5/14/13)

61%:

The Amount By Which New Offshore Leases For Oil And Natural Gas Drilling Has Declined Under Obama. (FactCheck.org, 10/19/12)

56%:

Expected Premium Increase For Healthy Males Ages 21 – 29 On The Individual Market Under Obamacare. (CNN Money, 5/14/13)

52%:

Americans That Continue To Disapprove Of Obamacare. (Gallup, 2,048 A, MoE 3%, 6/20-24/13)

48%:

Small Businesses That Say Obamacare Is Bad For Their Business. (Gallup, 5/10/13)

46%:

Redefault Rate For Homeowners Who Secured A Mortgage Modification In 2009 Under Obama’s Signature Housing Initiative. (SIGTARP, 7/24/13)

41%:

Small Businesses That Have Held Off Hiring Due To Obamacare. (Gallup, 5/10/13)

35.6:

Average Number Of Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, Accessed 7/26/13)

35:

House Democrats Who Voted Against The Senate Democrat Budget. (H. Con. Res. 25, Roll Call Vote #83, Failed 154-261: R 0-226: D 154-35: 3/20/13)

34.4%

Washington’s Share Of The Economy When Combining Federal Regulation And Spending. (Competitive Enterprise Institute, 5/21/13)

33%:

Amount By Which Natural Gas Production On Federal Lands Has Fallen Since 2007. (Congressional Research Service, 3/7/13)

32%:

Increase In Healthcare Premiums From ObamaCare. (Society Of Actuaries, 3/2013)

24.2%:

Increase In The Average Cost Of Family Health Care Premiums Under Obama. (The Kaiser Family Foundation, 2012)

17%:

Cut To Medicare Benefits When Trust Fund Is Exhausted. (House Ways & Means Committee Hearing, 6/22/11)

16.3%:

Poverty Rate For Women In 2011. (U.S. Census Bureau, 9/12/12)

14%:

Real (U-6) Unemployment Rate. (Bureau of Labor Statistics, Accessed 8/8/13)

12.6%:

African American Unemployment Rate. (Bureau of Labor Statistics, Accessed 8/8/13)

11:

Obamacare Provisions That Have Resulted In A Glitch, Been Delayed, Or Repealed. (The Washington Post, 4/14/11; AP, 6/22/11; AP, 6/30/11; The Hill, 7/21/11;  AP, 8/4/11; The Wall Street Journal, 10/25/11; AP, 1/30/13; Bloomberg, 7/2/13; The Washington Post, 7/5/13)

9.4%:

Hispanic Unemployment Rate. (Bureau of Labor Statistics, Accessed 8/8/13)

7.4%:

Unemployment Rate. (Bureau of Labor Statistics, Accessed 8/2/13)

4:

Record Number Of Years Of +$1 Trillion Deficits On Obama’s Watch. (The Hill, 9/10/12)

4:

Senate Democrats Who Voted Against The Patty Murray (D-WA) Budget. (S. Con. Res. 8, Roll Call Vote #92, Passed 50-49: R 0-45: D 49-4: I 1-0: 3/23/12)

4:

Out Of 5 Budgets That Obama Has Submitted Late. (The Hill’s On The Money, 1/14/13)

4:

Years Under Obama That Government Spending As A Percentage Of GDP Has Exceeded Its 40-Year Average. (CBO, 11/7/12; OMB, Accessed 8/8/13)


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