President Obama: ‘We Will Not Be Adding More To The National Debt’
PRESIDENT OBAMA: “By The Middle Of This Decade Our Annual Spending Will Match Our Annual Revenues. We Will Not Be Adding More To The National Debt.” (President Obama, Press Conference, 2/15/11)
REALITY: “At No Point In The President’s 10-Year Projection Would The U.S. Government Spend Less Than It’s Taking In.” (“President Obama’s Budget And The Pending Budget Fight,” ABC News, 2/14/11)
WHITE HOUSE BUDGET: Receipts Never Match Outlays
PRESIDENT OBAMA: “By The Middle Of This Decade Our Annual Spending Will Match Our Annual Revenues.” (President Obama, Press Conference, 2/15/11)
WHITE HOUSE BUDGET: Table S-1. Budget Totals
2010: Receipts: 2,163 [Billion Dollars] Outlays: 3,456 [Billion Dollars]
2011: Receipts: 2,174 [Billion Dollars] Outlays: 3,819 [Billion Dollars]
2012: Receipts: 2,627 [Billion Dollars] Outlays: 3,729 [Billion Dollars]
2013: Receipts: 3,003 [Billion Dollars] Outlays: 3,771 [Billion Dollars]
2014: Receipts: 3,333 [Billion Dollars] Outlays: 3,977 [Billion Dollars]
2015: Receipts: 3,583 [Billion Dollars] Outlays: 4,190 [Billion Dollars]
2016: Receipts: 3,819 [Billion Dollars] Outlays: 4,468 [Billion Dollars]
2017: Receipts: 4,042 [Billion Dollars] Outlays: 4,669 [Billion Dollars]
2018: Receipts: 4,257 [Billion Dollars] Outlays: 4,876 [Billion Dollars]
2019: Receipts: 4,473 [Billion Dollars] Outlays: 5,154 [Billion Dollars]
2020: Receipts: 4,686 [Billion Dollars] Outlays: 5,422 [Billion Dollars]
2021: Receipts: 4,923 [Billion Dollars] Outlays: 5,697 [Billion Dollars]
(Fiscal Year 2012 Budget Of The U.S. Government Summary Tables, The White House, 2/14/10, P.171)
WHITE HOUSE BUDGET: Debt Grows Every Year
PRESIDENT OBAMA: “We Will Not Be Adding More To The National Debt.” (President Obama, Press Conference, 2/15/11)
WHITE HOUSE BUDGET: Table S-14. Federal Government Financing And Debt; Total, Gross Federal Debt
Actual 2010: 13,529 [Billion Dollars]
2011 Estimate: 15,476 [Billion Dollars]
2012 Estimate: 16,654 [Billion Dollars]
2013 Estimate: 17,750 [Billion Dollars]
2014 Estimate: 18,761 [Billion Dollars]
2015 Estimate: 19,776 [Billion Dollars]
2016 Estimate: 20,825 [Billion Dollars]
2017 Estimate: 21,867 [Billion Dollars]
2018 Estimate: 22,924 [Billion Dollars]
2019 Estimate: 24,023 [Billion Dollars]
2020 Estimate: 25,165 [Billion Dollars]
2021 Estimate: 26,346 [Billion Dollars]
(Fiscal Year 2012 Budget Of The U.S. Government Summary Tables, The White House, 2/14/10, P.203)
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SENATE REPUBLICAN COMMUNICATIONS CENTER
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