Wednesday, December 7, 2011

The Big Fail -- Obama By the Numbers

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RNC RESEARCH BRIEFING
OBAMA BY THE NUMBERS 
 
$45.1 Trillion:
Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021. (OMB, 9/1/11)
$24.0 Trillion:
Projected Federal Debt In 2021 Due To Obama’s Binge Spending.  (OMB, 9/1/11)
$15.1 Trillion:
Current National Debt ($15,073,380,701,589.57). (U.S. Treasury Department, Accessed 12/6/11)
$9.1 Trillion:
Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2021. (OMB, 9/1/11)
$6.4 Trillion:
Cumulative Deficits Caused By President Obama’s Deficit Reduction Proposal. (OMB, 9/19/11)
$5.2 Trillion:
Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2012-2021. ( OMB, 9/1/11)
$4.4 Trillion:
Added To The National Debt Since Obama Took Office.  (U.S. Treasury Department, Accessed 12/6/11)
$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)
$1.75 Trillion:
Annual Cost Of Federal Regulations. (Small Business Administration, September 2010)
$1.57 Trillion:
Tax Hikes In Obama’s Deficit Reduction Proposal. (OMB , 9/19/11)
$1.416 Trillion:
Federal Budget Deficit For FY2009 – Highest In U.S. History. ( CBO, 10/7/10)
$1.334 Trillion:
Projected FY2012 Budget Deficit Under Obama’s “Deficit Reduction” Proposal. (OMB , 9/19/11)
$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)
$1.17 Trillion:
Total Cost Of Obama’s First Stimulus With Interest.  (CBO, 8/24/11, CBO, 1/27/09)
$1.15 Trillion:
American Debt Held By China. ( U.S. Treasury Department, Accessed 12/6/11)
$825 Billion:
Price Tag Of Obama’s First Failed Stimulus. (CBO , 8/24/11)
$763 Billion:
Net Interest Payment On Our National Debt In 2021 Due To Obama’s Proposed Budget. (OMB, 9/1/11)
$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)
$175 Billion:
Increased Spending In Obama’s Second Stimulus. ( CBO, 10/5/11)
$141 Billion:
Taxpayer Funds For Fannie Mae And Freddie Mac. (The Hill, 10/27/11)
$105 Billion:
Projected Cost Of New Regulations For 2011. (American Action Network, 9/30/11)
$82.5 Billion:
Cost Of New Regulations To Date For 2011. (American Action Network, 11/4/11)
$24 Billion:
Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)
$535 Million:
Stimulus Loan To The Failed Solar Company Solyndra. ( The Oakland Tribune, 11/4/10)
88.8 Million:
Annual Paperwork Burden Hours Imposed By Regulators In 2011. ( American Action Network, 11/4/11)
49.1 Million:
Number Of Americans Living In Poverty (Supplemental Poverty Measure). (US Census Bureau, 11/7/11)
46.2 Million:
Record Number Of Americans Living In Poverty (Official Measure). ( U.S. Census Bureau, 9/13/11)
46.3 Million:
Record Number Of Americans Receiving Food Stamps. (Department Of Agriculture, 11/31/11)
$18 Million:
Cost Of The Stimulus Website Recovery.org.  (ABC News’ “The Note“ Blog, 7/8/09)
13.3 Million:
Unemployed Americans.  (Bureau of Labor Statistics, Accessed 12/4/11)
8.5 Million:
Americans Working Part-Time For Economic Reasons. (Bureau of Labor Statistics, Accessed 12/4/11)
7.7 Million:
Foreclosure Filings Since Obama Took Office. (RealtyTrac , Accessed 12/6/11)
5.7 Million:
Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 12/4/11)
$5 Million:
Obama Campaign Cash Raised By Bundlers In The Lobbying Industry. ( The New York Times, 10/27/11)
3.9 Million:
Mortgages Either 90 Days Late Or In Foreclosure During September. ( Lender Processing Services, 12/1/11)
3.4 Million:
Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. ( HHS.gov, Accessed 10/6/11)
2.6 Million:
Number Of Americans That Fell Into Poverty Between 2009 And 2010. ( U.S. Census Bureau, 9/13/11)
1.9 Million:
Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 11/7/11)
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)
1.47 Million:
Personal Bankruptcies In 2009. ( United States Courts, 2/15/11)
1.3 Million:
Private Sector Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 12/4/11)
1.1 Million:
Jobs Lost Since Obama’s Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 12/4/11)
1.1 Million:
Americans That Have Given Up Looking For Work. ( Bureau of Labor Statistics, Accessed 11/7/11)
1.0 Million:
Construction Jobs Lost Since Obama Took Office. ( Bureau of Labor Statistics, Accessed 12/4/11)
541,000:
Private Sector Jobs Lost Since Stimulus Was Passed. ( Bureau of Labor Statistics, Accessed 12/4/11)
795,000:
Manufacturing Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 12/4/11)
709,303:
Personal Bankruptcies During First Half Of 2011. ( The Wall Street Journal, 7/5/11)
315,000:
Workers That Dropped Out Of The Labor Force In November. (Bureau of Labor Statistics, Accessed 12/4/11)
$278,000:
Cost Per A Stimulus Job. ( The Weekly Standard, 7/6/11)
229,700:
Number Of Local Government Education Jobs Lost Since Obama Signed A $10 Billion Teacher Union Bailout He Said Would Save 160,000 Teacher Jobs. (Bureau of Labor Statistics, Accessed 12/4/11; The Washington Post, 8/10/10)
89,000:
The Number Of Stimulus Checks Sent To Dead Or Incarcerated People.  (The Wall Street Journal, 10/7/10)
81,40 5:
Record Number Of Pages Added To The Federal Register In 2010. (Competitive Enterprise Institute , 2011)
66,000:
Number Of Heavy And Civil Engineering Construction Jobs Lost Since The Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 12/4/11)
$48,821:
Your Share Of The National Debt. ( U.S. Treasury Department Accessed 11/7/11; U.S. Census Bureau, Accessed 12/6/11)
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)
$15,500:
Annual Cost Per Household From Federal Regulations. (Small Business Administration, September 2010)
$14,401:
Increase In Your Share Of The National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 12/6/11; U.S. Census Bureau, Accessed 11/7/11)
        $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)
2020:
Year That The CBO Predicts Medicare’s Trust Fund Will Be Exhausted. ( CBO, 3/18/11)
1,603:
Number Of Regulations That Would Impact Small Businesses Proposed By Obama Administration In First Two Years In Office. (Competitive Enterprise Institute, 2011)
1,578:
Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov , Accessed 10/6/11)
1,000:
Number Of Jobs Obama’s NLRB Is Trying To Kill In South Carolina. < /b>( The Denver Post, 5/2/11)
408:
Number Of Regulations Proposed By Obama During First Two Years That Have An Economic Impact Of Over $100 Million. ( Competitive Enterprise Institute, 2011)
90:
Number Of Bank Failures This Year. (FDIC, 12/6/11)
86%:
Americans That Are Dissatisfied With The Direction The Country Is Headed. (Gallup , 11/14/11)
82%:
Federal Debt Held By The Public As Share Of GDP In 2021. (CBO, 8/24/11)
80%:
Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare.  (The Washington Post, 6/15/10)
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)
74%:
Americans Who Say Things Are “Going Badly.” (CNN, 11/17/11) 
68.6%:
Federal Debt Held By The Public As Share Of GDP By End Of The Year. ( OMB, 9/19/11)
63%:
Americans Who Disapprove Of Obama’s Handling Of The Economy. (CNN/ORC Poll, 11/11-13/11)
48.5%:
Households That Receive Some Form Of Government Assistance. ( The Wall Street Journal, 10/5/11)
44.8%:
Top Tax Rate By 2014 Under Obama’s FY2012 Budget. (The Washington Post , 5/16/11)
43%:
Obama’s Jobs Approval “Well Shy Of Where It Started In 2011 And Where It Likely Needs To Be In 2012 For Obama To Win Re-Election.” ( Gallup, 11/14/11)
43%:
Americans That Believe Their Taxes Will Go Up If Obama Is Reelected. (Quinnipiac Poll, 2118 RV, MoE 2.1%, 9/27-10/3/11)
41.8%:
Increase In National Debt Since Obama Took Office. ( U.S. Treasury Department Accessed 12/5/11)
40.9:
Number Of Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, Accessed 12/4/11)
34.2%:
Households That Receive Either Food Stamps, Subsidized Housing, Cash Welfare Or Medicaid. ( The Wall Street Journal, 10/5/11)
34:
Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 10/7/11)
32.1%:
Unemployed Workers Out Of Work For Over A Year. (Bureau of Labor Statistics, Accessed 12/4/ 11)
28%:
Share Of Existing Home Sales In October That Were Distressed Properties (Foreclosures And Short Sales). (National Association Of Realtors, 11/21/11)
25.9%:
Federal Spending As A Share Of GDP By 2021. (CBO, 6/22/11)
22.1%:
Home Loans Underwater (Negative Equity) In Third Quarter Of 2011. ( Reuters, 11/29/11)
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)
15.6%:
Workers Unemployed, Underemployed Or Marginally Attached To The Labor Force. ( Bureau of Labor Statistics, Accessed 12/4/11)
15.1%:
Americans Living In Poverty. (U.S. Census Bureau, 9/13/11)
8.6%:
Unemployment Rate. (Bureau of Labor Statistics, Accessed 12/3/11)
7.93%:
Percent Of Home Loans Delinquent In August. (Lender Processing Services, 12/1/11)
5.8%:
Decline In Median Home Sale Price In The Last Year. (National Association Of Realtors, 11/21/11)
3:
Record +$1 Trillion Deficits On Obama’s Watch. ( CBO, 10/7/11)
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)

A Product Of The RNC Research Department
December 7, 2011
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