[StBernard] 7 THINGS YOU NEED TO KNOW

[Westley Annis]

7 THINGS YOU NEED TO KNOW 
About Obama Democrats' Binge Spending
 
View This Research Briefing At GOP.com
<http://link.sc.states.gop.com?164-1161-1250-25548-6255> 
 
1.      Dems Will Pay For Binge Spending With $1.8 Trillion Increase In
Limit On Taxpayers' Credit Card, Largest 1-Time Increase In History.(David
Rogers, "Dems To Lift Debt Ceiling By $1.8 Trillion, Fear 2010 Backlash,"
Politico <http://link.sc.states.gop.com?164-1161-1250-25548-6258> , 12/9/09;
White House Office Of Management And Budget, "Table 7.3--Statutory Limits On
Federal Debt: 1940-Current
<http://link.sc.states.gop.com?164-1161-1250-25548-6252> ," Accessed
12/11/09)
 
2.      Obama's Deficit In 1st Month Of 1st Full Fiscal Year: $176 Billion;
Deficit During Bush's Entire 1st Full Fiscal Year: $159 Billion. (Monthly
Budget Review: Fiscal Year 2002: A Congressional Budget Office Analysis,
Congressional Budget Office
<http://link.sc.states.gop.com?164-1161-1250-25548-6253> , 11/8/02; Jeanne
Sahadi, "October Deficit $176 Billion," CNNMoney.com
<http://link.sc.states.gop.com?164-1161-1250-25548-6251> , 12/10/09)
 
3.      Obama Rang Up Record-Setting $1.42 Trillion Deficit In 1st Year In
Office, Nearly Triple The Previous Record. (David Jackson, "Obama Team Makes
It Official, Budget Deficit Hits Record. By A Lot," USA Today's "The Oval
<http://link.sc.states.gop.com?164-1161-1250-25548-6256> " Blog, 10/16/09)
 
4.      Obama's Non-Defense Discretionary Spending To Increase By 16 Percent
This Year, Highest 1-Year Increase Since Jimmy Carter In 1978. (White House
Office Of Management And Budget, "Table 8.7--Outlays For Discretionary
Programs: 1962-2014 <http://link.sc.states.gop.com?164-1161-1250-25548-6252>
," Accessed 12/11/09)
 
5.      Obama's Binge Spending Will Nearly Double National Debt Over 9
Years, From $11.9 Trillion To $23 Trillion. (White House Office Of
Management And Budget, "Mid-Session Review: Fiscal Year 2010
<http://link.sc.states.gop.com?164-1161-1250-25548-6257> ," 8/25/09)
 
6.      Obama's Binge Spending Will Lead To National Debt Being 76 Percent
Of GDP By 2019, Largest Percentage In 60 Years. ("Report To The Secretary Of
The Treasury: Financial Audit: Bureau Of The Public Debt's Fiscal Years 2009
And 2008 Schedules Of Federal Debt," United States Government Accounting
Office, 11/09; Lori Montgomery, "Deficit Projected To Soar With New
Programs," The Washington Post
<http://link.sc.states.gop.com?164-1161-1250-25548-6250> , 8/26/09)
 
7.      Obama Has Increased Size Of Government By 64 Percent Since Taking
Office, Largest Increase In At Least 3 Decades. (White House Office Of
Management And Budget, "Discretionary Budget Authority By Agency: 1976-2014
<http://link.sc.states.gop.com?164-1161-1250-25548-6247> ," Accessed,
12/11/09)
 
 
 
 
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