2
Broken Promises: Spending
NET SPENDING CUT
PROMISE: Obama Repeatedly Promised A Net Spending Cut By Going “Line By Line”
Through The Federal Budget, Eliminating Programs That Don
’
t Work
Obama Said That His Plan Was “
Cutting More Than I
’
m Spending So That It Will Be A
Net Spending Cut.”
OBAMA: “
And what I
’
ve proposed, you
’
ll hear Senator McCain say, well,he
’
s proposing a whole bunch of new spending, but actually I
’
m cutting more than I
’
m
spending so that it will be a net spending cut.”
Obama: “Now, What I’
ve Done Throughout This Campaign Is To Propose A Net
Spending Cut.”
Obama: “Every Dollar That I’
ve Proposed, I
’
ve Proposed An Additional Cut So
That It Matches.”
Obama Said That He Would “Eliminate A Whole Host Of Programs That Don’t Work.”
OBAMA: “We need to eliminate a whole host of programs that don’
t work. And I want to gothrough the federal budget line by line, page by page, programs that don
’
t work, we should
cut. Programs that we need, we should make them work better.”
Obama: “We’
ve Got To Eliminate Programs That Don
’
t Work, And We
’
ve Got ToMake Sure That The Programs That We Do Have Are More Efficient And Cost
Less.”
Obama Said As President “I Will Go Line By Line To Make Sure We Are Not SpendingMoney Unwisely.”
OBAMA: “But let’
s go back to the original point. John, nobody is denyingthat $18 billion is important. And, absolutely, we need earmark reform. And when I
’
m
president, I will go line by line to make sure that we are not spending money unwisely.”
Obama: “
I Want To Go Line By Line Through Every Item In The Federal Budget And Eliminate Programs That Don
’
t Work And Make Sure That Those That Do
Work, Work Better And Cheaper.”
BROKEN: Obama Has Racked Up Four Trillion Dollar Deficits And IncreasedSpending By 20 Percent
The Washington Times
: “Far From Keeping His Promise, This Is The Largest Peacetime Increase Ever In Government Spending.”
(Editorial, “Obama’s Record Of Broken Promises,”
Federal Outlays Have Increased By 20.4 Percent Percent Since Obama Took Office.
The federal government spent $3.1 trillion in FY2008 in inflation adjusted dollars. UnderObama, in FY2012 the federal government spent $3.8 trillion dollars.
(“Table 1.3 –
Summary Of Receipts, Outlays And Surpluses Or Deficits In Current Dollars, Constant (FY2005) Dollars, And As Percentages Of GDP: 1940-
2016,”
,Accessed 4/12/12; “Budget Of The United States Government, Fiscal Year 2013,”