Friday, October 19, 2012

The Facts Behind The Obama Economic Mess

Since Barack Obama has been president, the U.S. government has spent about 11 dollars for every 7 dollars of revenue that it has actually brought in.

Over the past four years, welfare spending has increased by 32 percent.

Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent.


When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, nearly 47 million Americans are on food stamps. This is what Obama refers to as “an economic recovery”.

The U.S. government recently spent 27 million dollars on pottery classes in Morocco.

In 2006, only 12 percent of all federal workers made $100,000 or more per year. Now, approximately 22 percent of all federal workers do.

During 2010, the average federal employee in the Washington D.C. area received total compensation worth more than $126,000.

The U.S. Department of Defense had just nine civilians earning $170,000 or more back in 2005. When Barack Obama became president, the U.S. Department of Defense had 214 civilians earning $170,000 or more. By June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

During 2011, the federal government spent a total of 1.4 BILLION dollars just on the Obama's.

When Barack Obama first took office, the U.S. national debt was about 10.6 trillion dollars. Now it is about 16.2 trillion dollars. That is an increase of 5.6 trillion dollars in less than 4 years.

The federal government has now run a budget deficit of more than a trillion dollars for four years in a row.

Some suggest that “taxing the rich” is the answer. If Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

No comments: