4/04/2011

Obama's own 2012 revenue projections equal to what was spent in 2006



Click on the above picture to make it larger. Source: the White House. So was government really that small in 2006? If we could limit government spending to that level, the deficit this next year would be essentially zero, just $28 billion. If government was shrunk to what it was in 2007 (the last year that Republicans had control of Congress and the Presidency), the deficit next year would be reduced to about $101 billion.

There was less than $10 trillion in national debt when Obama became president. That is the total amount that the Federal government has piled up in debt since the country started. Today the deficit is over $14 trillion. Obama plans on increasing it by another $10.5 trillion over the next decade. Bush increased the debt by about $4 trillion. If you look at the six years up until Republicans controlled both Congress and the White House, there was an increase of about $3.2 trillion.

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1 Comments:

Blogger Scott said...

Come on, that wasn't his real budget. It was just a starting point. So he could take whatever the Republicans proposed, and still "meet them half way" but get what he wanted in the first place.

4/06/2011 1:27 AM  

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