President Obama’s budget is not likely to be passed by Congress. But if it did, the U.S. would be about $26.3 trillion in debt.
The numbers come from Obama’s budget, and were sent around by the Republican National Committee to highlight the heavy spending in the president’s proposed budget:
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$50.3 Trillion: |
Total Spending From FY2016 To FY2025 In Obama’s Proposed Budget. (OMB, 2/2/15)
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$26.3 Trillion: |
Projected Federal Debt In 2025 Due To Spending In Obama’s Proposed Budget. (OMB, 2/2/15)
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$20.1 Trillion: |
Projected Federal Debt The Year After Obama’s Second Term Ends. (OMB, 2/2/15)
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$15.5 Trillion: |
Total Spending In Obama’s Second Term Under His Proposed Budget. (OMB, 2/2/15)
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$5.7 Trillion: |
Cumulative Deficits From FY2016 To FY2025 In Obama’s Proposed Budget. (OMB, 2/2/15) |
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$5.6 Trillion: |
The Amount Needed To Service The Debt Over The Next Ten Years In Obama’s Proposed Budget. (OMB, 2/2/15) |
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$4 Trillion: |
Total Federal Spending Proposed In The First Year Of Obama’s Proposed Budget. ((OMB, 2/2/15) |
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$3.5 Trillion: |
Total Federal Revenue Proposed In The First Year Of Obama’s Proposed Budget. (OMB, 2/2/15) |
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$2 Trillion: |
Total Deficits For Obama’s Second Term Under His Proposed Budget. (OMB, 2/2/15) |
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$1.1 Trillion: |
The Cost To Service The Federal Debt In Obama’s Second Term Under His Proposed Budget. (OMB, 2/2/15) |
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$1.1 Trillion: |
The Cost Of Social Security In FY2018 Under Obama’s Proposed Budget. (OMB, 2/2/15) |
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$958 Billion: |
Increased Taxes Over Ten Years In Obama’s Proposed Budget. (The New York Times, 2/2/15) |
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$687 Billion: |
The Deficit Under Obama’s Proposed Budget In 2025. (OMB, 2/2/15) |
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$500 Billion: |
How Much Smaller Obama Expects The Economy To Be In 2020 In His Proposed Budget Compared To A Year Ago. (Reuters, 2/2/15) |
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$474 Billion: |
The Deficit In Obama’s Proposed Budget, $7 Billion More Than The CBO Projects For 2016. (OMB, 2/2/15; CBO, 1/26/15) |
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$399 Billion: |
Proposed Cuts To Health Programs Over Ten Years In Obama’s Proposed Budget. ( The New York Times , 2/2/15) |
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$240 Billion: |
The Increase In Spending From This Year To FY2016 In Obama’s Proposed Budget. (OMB, 2/2/15) |
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$74 Billion: |
The Amount Of Spending Over The Sequestration Spending Limits In Obama’s Proposed Budget. (Politico, 2/2/15) |
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$20.9 Billion: |
ObamaCare’s Independent Payment Advisory Board’s Cuts To Medicare In Obama’s Proposed Budget. (OMB, 2/2/15) |
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7 Million: |
The Number Of Families That Would Be Forced To Pay Obama’s Tax On 529 Education Accounts In His Proposed Budget. (The New York Times , 1/22/15) |
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2025: |
The Year Income Taxes Will Equal 10 Percent Of The Country’s GDP Under Obama’s Proposed Budget. (OMB, 2/2/15) |
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2019: |
The Year Income Taxes Will Equal $2 Trillion Under Obama’s Proposed Budget. (OMB, 2/2/15) |
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2017: |
The Year The Debt Will Exceed $20 Trillion Due To Obama’s Proposed Spending. (OMB, 2/2/15) |
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74.6%: |
Debt Held By The Public As A Percentage Of The Economy At The End Of His Second Term According To His Proposed Budget. (OMB, 2/2/15) |
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$7: |
The Increased Taxes Per Year Proposed By Obama During His State Of The Union That Middle Class Households Will Pay On Average. (Tax Policy Center, 1/28/15) |
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7%: |
The Amount Obama’s Proposed Budget Will Increase Discretionary Spending For FY2016. ( The Wall Street Journal , 1/29/15) |
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5: |
Number Of Budgets Obama Has Delivered Past The Legal Deadline. ( RealClearPolitics , 2/2/15) |
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2.3%: |
How Much Obama’s Proposed Budget Expects The Economy To Grow Starting In 2020, A Percentage Point Lower Than The Average After World War II. (OMB, 2/2/15;Reuters, 2/2/15) |
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0: |
Attempts To Balance The Budget. (OMB, 2/2/15) |
