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Obama’s Debt By The Numbers

- October 11, 2013

$46.5 Trillion:

Total Federal Spending Proposed By Obama’s FY 2014 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 ($16,747,419,536,935.48). (U.S. Treasury Department, Accessed 10/10/13)

$8.7 Trillion:

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

$6.1 Trillion:

Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 10/10/13)

$5.1 Trillion:

Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY 2014-2023. (CBO, 6/21/13)

$4 Trillion:

Amount Of Added Debt Then-Sen. Obama Called “Unpatriotic” In 2008. (Remarks At A Campaign Event, 7/3/08)

$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:

New Federal Spending For 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)

$1.296 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, 6/21/13)

$819.3 Billion:

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

$518 Billion:

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

$236.7 Billion:

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

$44 Billion:

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

$19.2 Billion:

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

$48.6 Million:

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

$52,998:

Your Share Of The National Debt. (U.S. Treasury Department Accessed 10/10/13; U.S. Census Bureau, Accessed 10/10/13)

$19,369:

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

2033:

Year That Social Security Will Run Dry. (The Wall Street Journal, 5/31/13)

2026:

Year That Medicare’s Trust Fund Will Be Exhausted. (The Trustees Of Social Security & Medicare, 4/23/12)

2016:

Year That Social Security’s Disability Insurance Program Will Run Dry. (CBO, 3/14/13)

2006:

Year That Every Senate Democrat Voted Against Raising The Debt Limit. (H.J. Res 47: Adopted 52-48)

2004:

Year That Every House Democrat Voted Against Raising The Debt Limit. (S. 2986, Roll Call Vote 536, Adopted 208-204)

75%:

Federal Debt Held By The Public As Share Of GDP By The End Of FY2013. (CBO, 6/21/13)

61%:

Americans That Reject Obama’s Demand For A Clean Debt Limit Vote. (Bloomberg, 9/26/13)

34.4%

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

27:

Times Since 1978 That The Debt Ceiling Increase Has Been Accompanied By Legislation Dealing With Other Matters. (Congressional Research Service, 2/15/13)

7:

Debt Limit Increases Thus Far Under Obama. (Office Of Management And Budget, Accessed 10/9/13)

4:

Years Under Obama That Government Spending As A Percentage Of GDP Has Exceeded Its 40-Year Average. (CBO, 11/7/12; OMB, Accessed 10/10/13)

4:

Pinnochio’s For Obama’s Remark That The Debt Ceiling Has Never Been Used As A Negotiating Tactic To Achieve Legislative Concessions. (The Washington Post’s The Fact Checker, 9/19/13)

 


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