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Fact Checking The President’s Press Conference

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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About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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