Obama Budget Would Add Another $9.3 Trillion to the Debt

[Campbell]

Does anyone know what the national debt was during the caveman era of 789,000 BC? just a ball park figure please.

Can you read?

..............................................Total U S Debt................................................

Figures Easily Verified....Taken From the Bureau of the Debt

US: $18,775,084,981,440 - Debt as of December 2015?

09/30/2014 $17,824,071,380,733.82

09/30/2013 $16,738,183,526,697.32

09/30/2012 $16,066,241,407,385.89

09/30/2011 $14,790,340,328,557.15

09/30/2010 $13,561,623,030,891.79

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48

09/30/2006 $8,506,973,899,215.23

09/30/2005 $7,932,709,661,723.50

09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62

09/30/1997 $5,413,146,011,397.34

09/30/1996 $5,224,810,939,135.73

09/29/1995 $4,973,982,900,709.39

09/30/1994 $4,692,749,910,013.32 (Bill Clinton Raised Taxes On The Rich early 1993)

09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66

09/30/1991 $3,665,303,351,697.03

09/28/1990 $3,233,313,451,777.25

09/29/1989 $2,857,430,960,187.32

09/30/1988 $2,602,337,712,041.16

09/30/1987 $2,350,276,890,953.00

09/30/1986 $2,125,302,616,658.42

09/30/1985 $1,823,103,000,000.00

09/30/1984 $1,572,266,000,000.00

09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

 

[Flash]

I guess that's called transforming us from that man who so cares about you.

snip:
Debt would reach $27.4 trillion in 10 years



A staff member delivers President Barack Obama's fiscal 2017 federal budget to the House Budget Committee Room. / AP

BY: Elizabeth Harrington
February 9, 2016 3:25 pm


President Barack Obama presented a budget to Congress on Tuesday that if enacted would add nearly $10 trillion to the national debt, according to the White House’s projections.

The president’s final budget, widely considered to be dead on arrival due to the Republican-controlled Congress, projects the nation would face a $27.4 trillion debt in 2026.

The budget set the actual total debt for 2015 at $18.1 trillion, projecting an increase of $9.3 trillion. When President Obama took office the debt stood at $10.6 trillion.

The White House budget for fiscal year 2017 includes old and new items of the president’s agenda, including the “Fair Share Tax” on the rich, known as the “Buffett Rule,” and a new tax on oil that would increase taxes by $319 billion over 10 years.

The $4.1 trillion budget also includes raising the minimum wage, “free community college” for two years, and the hiring of 200 new Bureau of Alcohol, Tobacco, Firearms, and Explosives special agents to “reduce gun violence.”

Obama again included his “preschool for all” initiative, which would cost $17.3 billion between 2017 and 2021, and total $66 billion over 10 years.

The budget claims it will “end family homelessness” at a cost of $1.2 billion by 2022.

A move to “standardize the definition for American Indians and Alaska Natives” used in Obamacare would cost $30 million in 2017.

Providing “full coverage of preventive health and tobacco cessation services” in Medicaid would cost $99 million in 2017 and $450 million by 2021.

Another budget item called “Enact RESPECT: Best Job in the World” would cost $50 million in 2017.

The budget also calls for a $12 billion increase in spending to have the government feed kids year-round.

“The Budget invests $12 billion over 10 years to create a permanent Summer Electronic Benefits Transfer for Children program that would provide all families with children eligible for free and reduced-price school meals access to supplemental food benefits during the summer months,” the Office of Management and Budget said.

Obama’s proposal includes a heavy dose of funding related to climate change, including $1.3 billion to “advance the goals of the Global Climate Change Initiative (GCCI).”

“The challenge of climate change will define the contours of this century more dramatically than any other,” Obama wrote in the introduction to his budget.

The funding includes $750 million for the “Green Climate Fund” to fight climate change in third-world countries. Taxpayer funding would also go towards implementing the president’s climate change plan for the United Nations summit in Paris last year.

The budget would also double spending on “clean energy research” from $6.4 billion in 2016 to $12.8 billion in 2021.

Funding for the Department of Transportation’s TIGER grants, many of which go to more bike paths, streetcar projects, and solar-paneled rest stops, would also nearly double.

The budget also increases taxes, with the creation of numerous new fees.

Aside from the “oil fee” of $10.25 per barrel, the budget would also impose a “financial fee” for large American firms.

“The Budget would also impose a new fee on large, highly-leveraged financial institutions,” the administration said. “Specifically, the Budget would raise $111 billion over 10 years by imposing a seven basis point fee on the liabilities of large U.S. financial firms—the roughly 100 firms with assets over $50 billion.”

Obama’s budget also introduces a Food Safety and Inspection Service fee; a biobased labeling fee; Grain Inspection, Packers, and Stockyards Administration fee ($30 million in 2017); an Animal Plant and Health Inspection Service fee ($20 million in 2017); and a Natural Resource and Conservation Service Conservation User fee.

Immigration inspection user fees would also be increased, as would custom user fees, which would raise $1.1 billion over 10 years.

The Environmental Protection Agency would begin collecting a “confidential business information management fee,” and the Federal Communications Commission would impose a spectrum licenses user fee to raise $4.8 billion over 10 years.

Cuts are down in the president’s final budget, from $34.2 billion in 2016 to $28.8 billion.

The budget includes a $10 million cut to grants for the Department of Health and Human Services abstinence-only sex education programs and a $1 million reduction to the Department of Labor’s “Women in Apprenticeship and Nontraditional Occupations” program.

all from the fairy Godfather here:
Obama Budget Would Add Another $9.3 Trillion to the Debt

Hell...it's the first time I've ever seen the Republicans even mentioning debt:

..............................................Total U S Debt................................................

Figures Easily Verified....Taken From the Bureau of the Debt

US: $18,775,084,981,440 - Debt as of December 2015?

09/30/2014 $17,824,071,380,733.82

09/30/2013 $16,738,183,526,697.32

09/30/2012 $16,066,241,407,385.89

09/30/2011 $14,790,340,328,557.15

09/30/2010 $13,561,623,030,891.79

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48

09/30/2006 $8,506,973,899,215.23

09/30/2005 $7,932,709,661,723.50

09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62

09/30/1997 $5,413,146,011,397.34

09/30/1996 $5,224,810,939,135.73

09/29/1995 $4,973,982,900,709.39

09/30/1994 $4,692,749,910,013.32 (Bill Clinton Raised Taxes On The Rich early 1993)

09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66

09/30/1991 $3,665,303,351,697.03

09/28/1990 $3,233,313,451,777.25

09/29/1989 $2,857,430,960,187.32

09/30/1988 $2,602,337,712,041.16

09/30/1987 $2,350,276,890,953.00

09/30/1986 $2,125,302,616,658.42

09/30/1985 $1,823,103,000,000.00

09/30/1984 $1,572,266,000,000.00

09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(Reagan Slashed Tax Rates To Pre Depression Levels)

09/30/1981 $997,855,000,000.00

If your point is that debt is bad then why in the hell did you vote for Obama?

 

[guno]

so the republicans are horrified about the deficit now?

Cheney to Treasury: "Deficits don't matter"

Dick Cheney on Budget & Economy

Suddenly, Deficits Don't Matter Anymore

Let’s be honest: despite all their talk about what we’re handing to the next generation and how government should balance its books just like a family does, when it comes down to actually making choices, Republicans are no more concerned about deficits than Democrats are. Crying about the deficit is a tool they use to constrain policies they don’t like. When it comes to the policies they do like, how much the government will have to borrow to fund them is barely an afterthought. So can we stop pretending they actually care about deficits?

Suddenly, deficits don't matter anymore

 

[guno]

Republicans are delusional about US spending and deficits

The reality is that the story of exploding interest burdens is utter nonsense since there is zero precedent for the country ever allowing the debt to expand in this way. This makes as much sense as arguing that someone driving west in New Jersey risks falling into the Pacific Ocean. People driving west in New Jersey invariably turn or park their cars before ending up in the Pacific Ocean and the United States has always taken measures to reduce deficits long before they posed a fundamental threat to the economy.

Republicans are delusional about US spending and deficits | Dean Baker

 

[kiwiman127]

First we have to consider that the source that the OP is based on is hard right.
That said, the author of the article neglected to state that our annual budgets include past legislation and presidential actions/directions. Social Security are examples, but they are funded. Medicare Part D isn't individually funded, so it's part of the budget and it's cost from 2011 to 2019 is projected to be $1 trillion.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Tax Cuts, War Costs Do Lasting Harm to Budget Outlook
"Some commentators blame major legislation adopted in 2008-2010 — the stimulus bill and other recovery measures and the financial rescues — for today’s record deficits. Yet those costs pale next to other policies enacted since 2001 that have swollen the deficit. Those other policies may be less conspicuous now, because many were enacted some years ago and they have long since been absorbed into CBO’s and other organizations’ budget projections.

Just two policies dating from the Bush Administration — tax cuts and the wars in Iraq and Afghanistan — accounted for over $500 billion of the deficit in 2009 and will account for $7 trillion in deficits in 2009 through 2019, including the associated debt-service costs. [7] By 2019, we estimate that these two policies will account for almost half — nearly $10 trillion — of the $20 trillion in debt that will be owed under current policies.[8] (The Medicare prescription drug benefit enacted in 2003 also will substantially increase deficits and debt, but we are unable to quantify these impacts due to data limitations.) These impacts easily dwarf the stimulus and financial rescues, which will account for less than $2 trillion (less than 10 percent) of the debt at that time. Furthermore, unlike those temporary costs, these inherited policies (especially the tax cuts and the drug benefit) do not fade away as the economy recovers.

Without the economic downturn and the fiscal policies of the previous Administration, the budget would be roughly in balance over the next decade. That would have put the nation on a much sounder footing to address the demographic challenges and the cost pressures in health care that darken the long-run fiscal outlook.[9]"
Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits | Center on Budget and Policy Priorities
*I want to note that The Center on Budget and Policy Priorities has a progressive viewpoint. But, they are well respected on both sides of the aisle as they have been invited repeatedly by GOP controlled economic committees. I thought should note their leanings.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The point is, the author of the article used in the OP wasn't being intellectually honest. Yes, Obama is going to add quite a bit more to the National Debt, no doubt about that. But past presidential effects are still adding to the National Debt too and it's not just a small portion. Too bad the author wasn't honest enough to add that into the equation.

 

[Timmy]

Obama has less than a year left . How can he affect future debt 10 years out??

Unless your saying a prior presidents actions can burden the next guys budgets!?!?

 

[Dovahkiin]

Obama has less than a year left . How can he affect future debt 10 years out??

Unless your saying a prior presidents actions can burden the next guys budgets!?!?

*GASP* I love when people are called on their hypocrisy.

 

[Flash]

Republicans are delusional about US spending and deficits

The reality is that the story of exploding interest burdens is utter nonsense since there is zero precedent for the country ever allowing the debt to expand in this way. This makes as much sense as arguing that someone driving west in New Jersey risks falling into the Pacific Ocean. People driving west in New Jersey invariably turn or park their cars before ending up in the Pacific Ocean and the United States has always taken measures to reduce deficits long before they posed a fundamental threat to the economy.

Republicans are delusional about US spending and deficits | Dean Baker

Delusion is the idiots in the Obama Administration that thinks this country can substain the filthy ass Federal government being almost $20 trillion in debt and spending $4.1 trillion a year.

$4.1 trillion is greater than the GDP of all but two other countries on earth. Then we have over $3 trillion more being spent by the State and locals.

Dumbass Libtards.

 

[Maryland Patriot]

democrats claiming republicans dont care about the debt.
republicans claiming democrats dont care about the debt.
and then they argue. WHY?? Neither party is concerned with the debt, they are both corrupt. The sooner we all get it through our heads and start voting for non politicians that have actual business sense the better off we will be.

 

[Maryland Patriot]

Republicans are delusional about US spending and deficits

The reality is that the story of exploding interest burdens is utter nonsense since there is zero precedent for the country ever allowing the debt to expand in this way. This makes as much sense as arguing that someone driving west in New Jersey risks falling into the Pacific Ocean. People driving west in New Jersey invariably turn or park their cars before ending up in the Pacific Ocean and the United States has always taken measures to reduce deficits long before they posed a fundamental threat to the economy.

Republicans are delusional about US spending and deficits | Dean Baker

Delusion is the idiots in the Obama Administration that thinks this country can substain the filthy ass Federal government being almost $20 trillion in debt and spending $4.1 trillion a year.

$4.1 trillion is greater than the GDP of all but two other countries on earth. Then we have over $3 trillion more being spent by the State and locals.

Dumbass Libtards.

I stole your lifes a bitch picture and stuck it on Facebook for my liberal friends.

 

[edthecynic]

Don't you just love how the Right count the deficits for 10 years AFTER Obama leaves office as belonging to Obama, but Bush's deficits ended BEFORE the end of his last fiscal year, some as much as almost 3 years before the end of his last fiscal year for those who count the deficit ending for Bush the day the Dems took over Congress!!!!

 

[Faun]

Don't you just love how the Right count the deficits for 10 years AFTER Obama leaves office as belonging to Obama, but Bush's deficits ended BEFORE the end of his last fiscal year, some as much as almost 3 years before the end of his last fiscal year for those who count the deficit ending for Bush the day the Dems took over Congress!!!!

Looking at 10 year projections, we find ....

George Bush started with a $6 trillion surplus and ended with an $8 trillion deficit.

... then his VP spoke out against criticism of that by proclaiming, "deficits don't matter."

 

[Flash]

Don't you just love how the Right count the deficits for 10 years AFTER Obama leaves office as belonging to Obama, but Bush's deficits ended BEFORE the end of his last fiscal year, some as much as almost 3 years before the end of his last fiscal year for those who count the deficit ending for Bush the day the Dems took over Congress!!!!

I love the Libtards doing this first grade play ground thing of trying to justify Obama's massive deficits by claiming the Republicans also did them.

Deficits are bad no matter who causes them.

Obama's deficits are no less horrendous because Bush or somebody had deficits.

This country spends far too much for the cost of government. That is something the Libtards always have trouble understanding. Libtards are always confused when it comes to economics.

We don't need to be spending $4.1 trillion dollars to fund the filthy ass Federal government every year. It will cause significant problems for this country. The economy is not strong enough to absorb that loss in the private sector to be transferred to the government.

 

[Rexx Taylor]

let me guess, when Cavemen were running the show in America before it was discovered by the first Clinton family, i can only guess that the national debt was about $9.42 ?

 

[Maryland Patriot]

let me guess, when Cavemen were running the show in America before it was discovered by the first Clinton family, i can only guess that the national debt was about $9.42 ?

minimum wage was much lower back then too, and it was before osha so there was no on the job safety standards when confronting a wooly mammoth.
I think overall its been give and take.

 

[Rexx Taylor]

i would imagine that back in cavemen years, those banks had animals and females in their vaults, till they finally invented money in 78,832 BC.

 

[Maryland Patriot]

i would imagine that back in cavemen years, those banks had animals and females in their vaults, till they finally invented money in 78,832 BC.

maybe its just me but having females in the vault could have saved a couple transactions and a bit of time.

 

[Rexx Taylor]

i would imagine that back in cavemen years, those banks had animals and females in their vaults, till they finally invented money in 78,832 BC.

maybe its just me but having females in the vault could have saved a couple transactions and a bit of time.

well back in those days, female cavewomen were the equivalent of about $5.000.00,,,even more than gold,,,,,6000.00 if their breasts were more than 35ddd

 

[edthecynic]

We don't need to be spending $4.1 trillion dollars to fund the filthy ass Federal government every year. It will cause significant problems for this country. The economy is not strong enough to absorb that loss in the private sector to be transferred to the government.

There is no loss to the private sector as you admit the money taken in by the government is SPENT, not stashed in offshore in tax free bank accounts like the private sector tax dodgers do which does create a loss in the private sector.

 

[Maryland Patriot]

i would imagine that back in cavemen years, those banks had animals and females in their vaults, till they finally invented money in 78,832 BC.

maybe its just me but having females in the vault could have saved a couple transactions and a bit of time.

well back in those days, female cavewomen were the equivalent of about $5.000.00,,,even more than gold,,,,,6000.00 if their breasts were more than 35ddd

I know. I have friends that constantly tell me Im old enough to remember these things first hand.
oh the good old days..