25.9%:Federal Spending As A Share Of GDP By 2021.
Amount GNP Would Be Lowered Due To Debt’s Effect On Economic Growth By
17%:Cut To Medicare Benefits When Trust Fund Is Exhausted.
Votes Obama’s Budget Received In The Senate.
OBAMA HAS FAILED TO FOLLOW THROUGHON HIS BUDGET PROMISES
Obama Promised To Cut The Deficit In Half
, He Hasn’t
In February 2009, Obama Said That He Would “Cut The Deficit In Half By The End Of [His]First Term In Office.”
“Yesterday, I held a fiscal summit where I pledged to cut the
deficit in half by the end
of my first term in office.”
Obama Has Racked Up Three Record Trillion Dollar Deficits.
“The federal budget deficit is on
pace to break the $1 trillion mark for a third straight year. Record deficits are putting pressure on Congressand the Obama
administration to come up with a plan to rein in government spending. … Three years ago
that would have ranked as the highest ever for a full year. Instead, this year's deficit will likely exceed last year's $1.29 trillion imbalance and nearly match the $1.41 trillion record reached in 2009. The budget year
ends on Sept. 30.”
“Federal Budget Deficit On Pace To Break $ Trillion For Third Straight Year,”
The Deficit This Year Is Slated To Reach A Historically High $1.65 Trillion.
Obama Promised To Go Through The Budget Line-By-
Line, He Hasn’t
Obama Promised To Go Through The Budget “Line By Line
, Eliminating ProgramsThat No Longer Work And Making The Ones We Do Need Work Bette
“But I will also go through the
federal budget, line by line, eliminating programs that no longer work and making the ones we do needwork better and cost less
because we cannot meet twenty-first century challenges with a twentieth
CBO Director Douglas Elmendorf Says Obama’s Latest Budget Is Too Vague To Be Scored.
REP. PAUL RY
AN: “The president gave a speech on April 13
, where he outlined a new budget framework that claims $4 trillion in deficit reduction over 12 years, have you estimated the budget impact of this