Spending to Increase 55 Percent Under Obama's Plan

2:25 PM, DEC 24, 2012 • BY DANIEL HALPER

Spending will increase 55 percent over the next decade, if President Barack Obama's budget plan goes into effect. The finding comes from the Republican-side of the Senate Budget Committee, which notes that Obama's "Proposal Would Spend $880 Billion Over Already Projected Increases."

Here's a chart, detailing how Obama's plan would bring spending from $3.62 trillion in 2013 to $5.63 trillion in 2022:

"The President's last fiscal cliff offer once again increased spending rather than reducing it," writes the minority-side of the Senate Budget Committee. "His plan does claim $800 billion in spending reductions over ten years, but these claims are more than offset by new spending increases: increasing spending above BCA limits ($1,200 billion); paying for the doc fix ($400 billion); new transportation stimulus spending ($50 billion), and; a one-year extension of unemployment insurance ($30 billion).  After subtracting the president’s savings from his spending increases, over the next 10 years the President’s proposal actually spends $880 billion more - $44.368 trillion versus $43.488 trillion - than currently projected spending levels.  In the next two years alone, the President’s plan would spend $255 billion over current projected spending levels ($156 billion higher in FY13 and $99 billion higher in FY14). Overall, spending would increase 55% under the President’s plan, from $3.6 trillion in FY13 to $ 5.6 trillion in FY22."

MORE OF IT

Views: 19

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
23 minutes ago
tjdavis posted a photo
yesterday
james will posted blog posts
yesterday
Less Prone favorited Sandy's video
yesterday
Doc Vega's 5 blog posts were featured
yesterday
tjdavis's 4 blog posts were featured
yesterday
Doc Vega posted a blog post

What was the Significance of the F-94 C and What role in History?

 It’s July 19, 1952 over White House forbidden airspace and Captain William Patterson observes…See More
Sunday
tjdavis posted a video

FLUORIDEGATE: An American Tragedy. a film by Dr. David Kennedy

FLUORIDEGATE: An American Tragedy, is a feature documentary that reveals the tragedy of how government, industry and trade associations protect and promote a...
Sunday
Doc Vega posted a blog post

Rendezvous With The Unknown

Rendezvous With the Unknown Chapter I It was about 9:00 am when I received a text on my phone from…See More
Saturday
cheeki kea replied to cheeki kea's discussion Tartaria
"ah ha - a Tartarian cuisine component lurks inside good old Tartar Sauce. Who would have thought.…"
Saturday
tjdavis posted a blog post
Saturday
Doc Vega posted a blog post

Shadows in the Wind

If you think that life is but a game you can winYou’re just a shadow in the windConveniently…See More
Friday
Doc Vega posted a blog post
Dec 18
tjdavis posted a photo
Dec 17
james will is now a member of 12160 Social Network
Dec 17
Burbia replied to cheeki kea's discussion Tartaria
Dec 17
Burbia posted a video

Mossad: we create a pretend world, we are a global production company... the world is our stage

60 Minutes interviews alleged Mossad agent"we create a pretend world, we are a global production company......the world is our stage."_______________________...
Dec 17
Doc Vega posted a blog post

The Alvin II Encounter: Was There A Living Dinosaur Involved?

The year is 1965 in the Caribbean islands at a 5-thousand-foot depth in the dark Atlantic waters.…See More
Dec 16
Doc Vega posted blog posts
Dec 15
rlionhearted_3 posted photos
Dec 15

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted