Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

OMB: Obama Will Become First President to Spend $4T in One Year
CNSNews ^

Posted on 04/10/2013 8:56:37 AM PDT by Sub-Driver

OMB: Obama Will Become First President to Spend $4T in One Year April 10, 2013

In the historical tables it released along with President Barack Obama's fiscal 2014 budget proposal this morning, the White House Office of Management and Budget revealed that in fiscal 2016 it expects Obama to become the first president in the nation's history to preside over a federal government that spends more than $4 trillion in one year.

The OMB's historical tables also reveal that the White House does not expect this administration to ever run an annual deficit as low as $458.5 billion, which was the deficit the government ran in fiscal 2008, the last fiscal year completed before Obama took office.

According to OMB's tables, the federal government would spend$3.7778 trillion in fiscal 2014 under Obama's budget proposal. It would then spend $3.9801 trillion in fiscal 2015; $4.0898 trillion in fiscal 2016; and $4.2474 trillion in fiscal 2017.

Obama will leave office on Jan. 20, 2017, about four months into fiscal 2017.

In fiscal 2007, according to the OMB's tables, the federal government ran a deficit of $160.7 billion. In fiscal 2008, that climbed to $458.5 billion.

President Obama took office on Jan. 20, 2009, about four months into fiscal 2009. A Congress in which Obama sat had already enacted the $700 billion Troubled Asset Relief Program to bailout the financial industry. But, during the first month of Obama's first term, he signed an $830 billion stimulus bill.

In fiscal 2009, the government ended up running a deficit of $1.4126 trillion. In fiscal 2010, it ran a deficit of $1.2943 trillion; in fiscal 2011, it ran a deficit of $1.2995 trillion; in fiscal 2012, it ran a deficit of $1.0869 trillion; and, in fiscal 2013, OMB projects a $972.9 billion deficit.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bhofascism; deficit; democrats; economy; nationaldebt; obama; obamabudget; omb
Well, what does he care? It's other people's money........
1 posted on 04/10/2013 8:56:37 AM PDT by Sub-Driver
[ Post Reply | Private Reply | View Replies]

To: Sub-Driver

Tyrant Kim Un Hussein must be very pleased that his efforts to “FUNDAMENTALLY CHANGE THE UNITED STATES OF AMERICA” are progressing so easily.


2 posted on 04/10/2013 8:57:32 AM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

it’s for the chillrun.


3 posted on 04/10/2013 9:03:57 AM PDT by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Indeed kings logic in play.


4 posted on 04/10/2013 9:06:03 AM PDT by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
THE GOP HOLDS A ROYAL FLUSH - but refuses to act led by the gutless spineless leadership. Obozo cannot spend one single PENNY without the House authorizing that money via an appropriations bill/continuing resolution. In normal times - before the FACISTS took control - there were 13 separate appropriation bills voted on by Congress. The GOP House can refuse to pass CRs in the absence of appropriation bills being passed and the GOP House can refuse to lift the Debt Ceiling and then allow a Constitutional CRISIS when WH clown continues spending under his facetious argument that he has to honor America's debt. The difficulty is that Obozo continuing spending without a debt ceiling increase is NOT AUTHORIZED, but that entire subject is too complicated to insert here.

The GOP needs to be relegated to 3rd party status - when will the Conservative or Tea Party register as an official party?
5 posted on 04/10/2013 9:07:35 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cheerio

And it will be rejected 98-0.


6 posted on 04/10/2013 9:09:39 AM PDT by massgopguy (I owe everything to George Bailey)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Sub-Driver

NASA’s budget was 20 billion per year to get to the moon
safely.

Now, 4,000 billion is given by Obama to al Qaeda,
to bankers, to the Chicago mob, for parties, to mosques,
and NASA serves the desert and Moslem self esteem buildup.
The US military, a pale remnant of its past,
fawns over its new Islamic leaders.
Congress cashes its checks, and the borders are open.


7 posted on 04/10/2013 9:09:52 AM PDT by Diogenesis (De Oppresso Liber)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

“Obama Will Become First President to Spend $4T in One Year”

And I’m not getting a dime of it. What am I doing wrong?


8 posted on 04/10/2013 9:16:55 AM PDT by Rennes Templar
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Since there hasn’t been a budget passed since 2008, how do we know he hasn’t already done that...4 times?


9 posted on 04/10/2013 9:22:10 AM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Bush’s fault.


10 posted on 04/10/2013 9:27:09 AM PDT by pas
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rennes Templar

I haven’t got a dime either, but I’m sure as heck paying for it.


11 posted on 04/10/2013 9:33:25 AM PDT by Afterguard (Liberals will let you do anything you want, as long as it's mandatory.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: massgopguy

IIRC, the last one was.


12 posted on 04/10/2013 9:38:13 AM PDT by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Sub-Driver

13 posted on 04/10/2013 9:41:57 AM PDT by F15Eagle (1Jn5:4-5,4:15,5:13;Mt27:50-54,Mk15:33-34,Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tim2:5-6;Ti3:4-5)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rennes Templar

If you’re working, that’s a huge mistake.


14 posted on 04/10/2013 9:50:04 AM PDT by EEGator
[ Post Reply | Private Reply | To 8 | View Replies]

To: Sub-Driver

so long as the concerts , dinners and vacations keep happening and the media gets away with ignoring this and the GOP stays silent for the cowards they are.

Then this will get worse and worse.

Last night the GOP should have been in front of the white house, calling a press conference and pointing out how this concerts is happening while you can’t get in the house you pay for and this after Bahamas, Aspen and golf while Americans die and fight and lose jobs and homes.

Exactly when will conservatives and the GOP get a grip and understand this is a war and we’re losing because many want to keep quiet and think they best not do things like being out of the white house as the concert was taking place.


15 posted on 04/10/2013 11:12:36 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

He can’t spend anything unless John Boehner approves it. Remember that when he starts spending without any accountability whatsoever.


16 posted on 04/10/2013 11:19:30 AM PDT by itsahoot (It is not so much that history repeats, but that human nature does not change.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: manc

Last night the GOP should have been in front of the white house, calling a press conference and pointing out how this concerts is happening while you can’t get in the house you pay for and this after Bahamas, Aspen and golf while Americans die and fight and lose jobs and homes.

Come on, you can’t be 2 places at once. They were enjoying the partayyyyyyyyy!!


17 posted on 04/10/2013 11:20:33 AM PDT by sheana
[ Post Reply | Private Reply | To 15 | View Replies]

To: Sub-Driver
In fiscal 2007, according to the OMB's tables, the federal government ran a deficit of $160.7 billion. In fiscal 2008, that climbed to $458.5 billion.

Hmmmm, who took control of congress in 2007 and implemented their first budget in 2008?

18 posted on 04/10/2013 12:10:10 PM PDT by Go Gordon (Barack McGreevey Obama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

The headline is just slightly wrong.

It should read: Obama will Become First President to Flush $4T of Taxpayers’ Hard-Earned Cash Down the Toilet in One Year.


19 posted on 04/10/2013 12:27:54 PM PDT by Jack Hammer (American)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cheerio

“The GOP needs to be relegated to 3rd party status - when will the Conservative or Tea Party register as an official party?”

We need them for a little while longer in the house, and their doing a good job in many of our states.


20 posted on 04/10/2013 3:36:48 PM PDT by Monorprise (`)
[ Post Reply | Private Reply | To 5 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Sub-Driver.
According to OMB's tables, the federal government would spend$3.7778 trillion in fiscal 2014 under Obama's budget proposal. It would then spend $3.9801 trillion in fiscal 2015; $4.0898 trillion in fiscal 2016; and $4.2474 trillion in fiscal 2017. Obama will leave office on Jan. 20, 2017, about four months into fiscal 2017. In fiscal 2007, according to the OMB's tables, the federal government ran a deficit of $160.7 billion. In fiscal 2008, that climbed to $458.5 billion. President Obama took office on Jan. 20, 2009, about four months into fiscal 2009.

21 posted on 04/10/2013 4:24:18 PM PDT by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
[ Post Reply | Private Reply | View Replies]

To: Sub-Driver
OMB: Obama Will Become First President to Spend $4T in One Year

Is it possible that low information voters lack information of the magnitude of $4 Trillion?

$4.00
$40.00
$400.00
$4,000.00 ($4 Thousand)
$40,000.00
$400,000.00
$4,000,000.00 ($4 Million)
$40,000,000.00
$400,000,000.00
$4,000,000,000.00 ($4 Billion)
$40,000,000,000.00
$400,000,000,000.00
$4,000,000,000,000.00 ($4 Trillion)

4 Trillion is $4 Million Million.

Have you heard of someone winning a $4 million lottery drawing? That is a tidy sum to win but it represents only 0.0001% of $4 Trillion.

If you counted from 1 to 4 Trillion by advancing the count once every second it would take …

4 Seconds to count to $4
40 Seconds to count to $40
400 Seconds to count to $400
4,000 Seconds to count to $4,000
40,000 Seconds to count to $40,000
400,000 Seconds to count to $400,000
4,000,000 Seconds to count to $4,000,000
40,000,000 Seconds to count to $40,000,000 (Over 1 Year)
400,000,000 Seconds to count to $400,000,000 (Over 10 Years)
4,000,000,000 Seconds to count to $4,000,000,000 (Over 100 Years)
40,000,000,000 Seconds to count to $40,000,000,000 (Over 1,000 Years)
400,000,000,000 Seconds to count to $400,000,000,000 (Over 10,000 Years)
4,000,000,000,000 Seconds to count to $4,000,000,000,000 (Over 100,000 Years)

America’s US National Debt is rapidly approaching $17 Trillion, which would take over 500,000 years to count.

The US Total Debt is near $60 Trillion, which would take nearly 2 Million years to count.

Adding the US Unfunded Liabilities from Social Security, Prescription Drugs, and Medicare, the total is over $120 Trillion, which would take nearly 2 Million years to count.

Could it be that these greater numbers overshadow the deficit and debt numbers? Please take a peek at the US Debt Clock from time to time. There is a lot more information than the debt to discover.

22 posted on 04/11/2013 12:57:14 PM PDT by MosesKnows
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson