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The Big Fail: Obama By The Numbers

- June 5, 2012

$45.4 Trillion:  

Total Federal Spending Proposed By Obama’s FY2013 Budget Through 2022.(CBO, 3/16/12)

$25.9 Trillion:  

Projected Federal Debt In 2022 Due To Obama’s Binge Spending. (OMB, 2/13/12)

$15.7 Trillion:  

Current National Debt ($15,724,907,364,995.04). (U.S. Treasury Department, Accessed 6/2/12)

$10.3 Trillion:  

Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2022.(OMB, 2/13/12)

$6.4 Trillion:  

Cumulative Deficits Over FY2013-2022. (CBO, 3/16/12)

$5.10 Trillion:  

Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 6/2/12)

$4.8 Trillion:  

Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2013-2022. (CBO, 3/16/12)

$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)

$1.9 Trillion:  

Higher Taxes In Obama’s Budget. (OMB, 2/13/12)

$1.75 Trillion:  

Annual Cost Of Federal Regulations. (Small Business Administration, September 2010)

$1.416 Trillion:  

Federal Budget Deficit For FY2009 – Highest In U.S. History. (CBO, 10/7/10)

$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)

$1.253 Trillion:  

Projected Federal Budget Deficit For FY2012. (CBO, 3/16/12)

$1.18 Trillion:  

Total Cost Of Obama’s First Stimulus With Interest.  (CBO, 1/31/12, CBO, 1/27/09)

$1.17 Trillion:  

American Debt Held By China. (U.S. Treasury Department, Accessed 6/4/12)

$831 Billion:  

Price Tag Of Obama’s First Failed Stimulus. (CBO, 1/31/12)

$575 Billion:  

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

$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)

$231 Billion:  

Burden Of New Regulations Imposed In 2011. (American Action Network, 1/2/12)

$175 Billion:  

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

$150 Billion:  

Taxpayer Funds For Fannie Mae And Freddie Mac. (Reuters, 3/25/12)

$116 Billion:  

Amount Of Regulatory Burden For 2012, At The Current Pace. (American Action Forum, 5/29/12)

109.6 Million:  

Amount Of Paperwork Burden Hours Imposed By Federal Government Regulations Since January 1, 2012.  (American Action Forum, 5/29/12)

$24 Billion:  

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

$21.7 Billion:  

Amount Government Expects To Lose On Bailouts Of Auto Industry. (Treasury Department, 5/10/12)

$1.3 Billion:  

Amount Taxpayers Will Not Recover From Bailout Of Chrysler. (FactCheck.org, 6/6/11)

$535 Million:  

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

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)

46.4 Million:  

Record Number Of Americans Receiving Food Stamps. (Department Of Agriculture, Accessed 6/4/12)

46.2 Million:  

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

$18 Million:  

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

12.7  Million:  

Unemployed Americans. (Bureau of Labor Statistics, Accessed 6/4/12)

8.1 Million:  

Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, Accessed 6/4/12)

6.3 Million:  

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

5.6 Million:  

As Of March 2012, Number Of Mortgages Either 30 Days Delinquent Or In Foreclosure. (Lender Processing Services, 5/22/12)

5.4 Million:  

Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 6/4/12)

4 Million:  

Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. (HHS.gov, Accessed 4/10/12)

2.3 Million:  

Foreclosure Starts During 2011. (Lender Processing Services, 1/20/12)

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)

1.35 Million:  

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

1,042,000:  

Construction Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 6/4/12)

830,000:  

Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed 6/4/12)

599,000:  

Manufacturing Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 6/4/12)

552,000:  

Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 6/4/12)

$278,000:  

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

97,000:  

New Foreclosures Filed In May. (Politifact, 5/28/12)

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)

76,300:  

Number Of Heavy And Civil Engineering Construction Jobs Lost Since The Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 6/4/12)

$50,932:  

Your Share Of The National Debt. (U.S. Treasury Department Accessed 6/4/12;U.S. Census Bureau, Accessed 6/4/12)

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)

$16,512:  

Increase In Your Share Of The National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 6/4/12; U.S. Census Bureau, Accessed 6/4/12)

$15,500:  

Annual Cost Per Household From Federal Regulations. (Small Business Administration, September 2010)

        $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)

2022:  

Year That The CBO Predicts Medicare’s Trust Fund Will Be Exhausted. (CBO, 4/10/12)

1,722:  

Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 6/4/12)

1,603:  

Number Of Regulations That Would Impact Small Businesses Proposed By Obama Administration In First Two Years In Office. (Competitive Enterprise Institute, 2011)

1,137:  

Days Since Harry Reid’s Senate Has Passed A Budget Resolution. (S. Con. Res. 13, Roll Call 173; 4/29/09)

408:  

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

360:  

Individuals In The Obama Administration Have Been Through The Revolving Door. (Center For Responsive Politics, Opensecrets.org, Accessed 6/4/12)

106.2%:  

Federal Debt As A Share Of GDP At The End Of 2013. (CBO, 2/13/12)

92:  

Number Of Bank Failures In 2011. (FDIC, Accessed 6/4/12)

83%:  

Percent Of Americans Who Describe The Economy Negatively. (ABC News/Washington Post Poll, 1,004A, MoE 3.5%, 5/17-20/12) 

80%:  

Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. (NFIB, 7/11)

80%:  

Percent Of Americans Who Say Obama Has Either Made The Deficit “Worse” Or “Not Made much Difference.” (NBC News/Wall Street Journal, 1000A, MoE 3.1%, 5/16-20/12)

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)

72.5%:  

Federal Debt Held By The Public As Share Of GDP By End Of The Year. (CBO, 1/31/12)

66%:  

Percent Of Americans Say That Barack Obama Has Either Made The Economy “Worse” Or “Not Made Much Difference.” (NBC News/Wall Street Journal, 1000A, MoE 3.1%, 5/16-20/12)

52%:  

Percent Of Americans Who Disapprove Of Obama’s Handling Of The Economy. (NBC News/Wall Street Journal, 1000A, MoE 3.1%, 5/16-20/12)

49.1%:  

“Percent Of The Population That Lives In A Household Where At Least One Member Received Some Type Of Government Benefit In The First Quarter Of 2011.” (The Wall Street Journal, 5/26/12)

40:  

Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 6/4/12)

39.7:  

Number Of Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, Accessed 6/4/12)

31.0%:  

Unemployed Workers Out Of Work For Over A Year. (Bureau of Labor Statistics, Accessed 6/4/12)

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)

15.1%:  

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

8.2%:  

Unemployment Rate. (Bureau of Labor Statistics, Accessed 6/4/12)

4.11%:  

Percent Of Mortgage Loans In Foreclosure During December 2011. (Lender Processing Services, 1/27/12)

4:  

Record +$1 Trillion Deficits On Obama’s Watch. (OMB, 2/13/12)

3.8%:  

Decline In Home Prices In The Past Year. (CNN Money, 3/27/12)

2.5%:  

Decline In Median Home Sale Price In The Last Year. (National Association Of Realtors, 1/20/12)

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)


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