OBAMA ADMINISTRATION SPENDING U.S. INTO OBLIVION

Many talk and talk about the horrendous spending during the administration of Barack Obama.  I found a great numeric breakdown of spending and future projections of fiscal impact of his administration.  This is a authorized reprint of a post from the Republican National Committee's Research Division.  All statistics are backed by a source.  I will let the numbers do the talking.

$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)

Source:  Republican National Committee Research