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Democrats, Deficits and Debt By the Numbers |
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October 21, 2009 |
OCTOBER 21, 2009
"The cost of our debt is one of the fastest growing expenses in the federal budget. This rising debt is a hidden domestic enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on."
- Barack Obama, Speech in the U.S. Senate, March 13, 2006
Almost one-year after Barack Obama was elected President and three years since Democrats took majorities in Congress, the Department of Treasury reports that under the Democrats' control, 2009 was the worst fiscal year in the nation's entire history. Democrats have abandoned their lofty promises to voters and continued their pattern of reckless spending and government expansion. The results have been historically disastrous.
Increased Deficit
$1.417 Trillion: The FY 2009 federal deficit, the highest amount ever and three times last year's record-setting deficit of $458 billion.
10%: The 2009 deficit as a percentage of Gross Domestic Product (GDP), the highest since 1945, the last year of World War II. Since 1946, the deficit as a percentage of GDP had never topped 6 percent.
$9.050 Trillion: The combined amount of deficits the White House predicts over the next ten years under the President's budget.
$739 Billion: The smallest annual deficit over the next ten years under the President's budget.
Increased Debt
$11.952 Trillion: The current national debt, including Treasury securities held by the government.
$38,840: The amount of the national debt owed by each man, woman, and child in the U.S.
$104,094: The share of the national debt owed by every household in the U.S.
$3.282 Trillion: The amount the national debt has increased since Democrats took control of Congress on January 4, 2007.
$1.325 Trillion: The amount the national debt has increase since President Obama was inaugurated just nine months ago, on January 20, 2009.
$199 Billion: The amount of money spent by the government to pay the interest on its debts in 2009.
$12.104 Trillion: The current limit on national debt, which was raised from $11.315 trillion for the "stimulus" bill and which Democrats now say must be raised yet again soon.
$24.498 Trillion: The total national debt in 2019 under the President's budget, according to White House estimates.
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"Finding More Jobs at Half the Cost" - Rep. Thad McCotter Feb. 13, 2009 | Weekly Republican Address |
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| Rep. Pence: Families are Hurting, but This isn't the Right Thing Feb. 13, 2009 | Solutions for Real JobsAs American families are hurting, Republicans are not about saying "No", but saying "Yes" to solutions that will put Americans back to work |
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| Rep. Pence: Families are Hurting, but This isn't the Right Thing Feb. 13, 2009 | Solutions for Real JobsAs American families are hurting, Republicans are not about saying "No", but saying "Yes" to solutions that will put Americans back to work |
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"Keeping the Stimulus Accountable" - Rep. Cathy McMorris Rodgers Jan. 16, 2009 | Weekly Republican Address |
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"We Can't Rely on More Government Bailouts" - Rep. Mike Pence Jan. 09, 2009 | Weekly Republican AddressConference Chairman Mike Pence on Republican solutions to turn our economy around without massive government bailouts. |
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April 24, 2009
Happy Debt Day: Government to 'run Out' of Cash Sunday, Earliest Ever
"Debt Day," marking the point in the fiscal year when government spending exceeds revenue, falls this Sunday. That's the...
April 23, 2009
Editorials Highlight President’s Fiscal Irresponsibility
Washington Post: "President Obama is requiring government agencies to find $100 million in savings. Next year's budget deficit will...
April 23, 2009
Editorials Highlight President’s Fiscal Irresponsibility
Washington Post: "President Obama is requiring government agencies to find $100 million in savings. Next year's budget deficit will...
April 23, 2009
Cap and Trade Will Cost American Families
*This post originally published on Townhall.com by Rep. Steve Scalise (LA) President Obama is proposing a “cap and trade”...
April 20, 2009
The President’s Budget Is Not What’s Best for America
by Rep. Robert Aderholt (AL-04) Last week’s Tea Parties were a powerful message to Washington in protest to the...
April 20, 2009
The President’s Budget Is Not What’s Best for America
by Rep. Robert Aderholt (AL-04) Last week’s Tea Parties were a powerful message to Washington in protest to the...
April 20, 2009
Boehner Talks With George Stephanopoulos
House Leader John Boehner appeared yesterday on "This Week" with George Stephanopoulos, saying legislators should beware of "trillion dollar...
April 15, 2009
Pence Statement on Tax Day
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today regarding...
April 03, 2009
When Is Enough Spending Going to Be Enough
Guest post by Rep. Ed Royce (CA) The Democrat Leadership’s 2010 budget calls for an unprecedented $3.5 trillion in...
April 02, 2009
Democrats’ Budget Hypocrisy
That was then For years, House Democrats criticized the Bush White House for proposing a five-year budget: Then-Ranking Member John...
April 02, 2009
Democrats’ Budget Hypocrisy
That was then For years, House Democrats criticized the Bush White House for proposing a five-year budget: Then-Ranking Member John...
April 02, 2009
Democrats’ Budget Hypocrisy
That was then... Democrats criticized a budget that “excluded” a permanent fix for the Alternative Minimum Tax (AMT)… House...
April 02, 2009
Democrats’ Budget Hypocrisy
That was then... Democrats criticized a budget that “excluded” a permanent fix for the Alternative Minimum Tax (AMT)… House...
April 02, 2009
Congressman Pence Discusses the Republican Budget on FOXNEWS' America's Newsroom
Alisyn Camerota: Well, Molly just mentioned Republicans are giving a second opinion on the budget, introducing...
April 02, 2009
Pence Calls Democrat Budget "Most Fiscally Irresponsible in History"
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, gave the following speech from the...
April 01, 2009
Republicans Stand Together on the Budget
It was a special day for Republicans on Capitol Hill, as House and Senate leaders gathered for a...
April 01, 2009
Republicans Stand Together on the Budget
It was a special day for Republicans on Capitol Hill, as House and Senate leaders gathered for a...
April 01, 2009
Fiscal Responsibility: Republicans on the Budget
House and Senate Press Conference on the Budget The House Republican Budget Alternative: Ryan Proposes "The Path To...
March 27, 2009
Pence on Sean Hannity Radio Show
Click here to listen to the audio. Below is an excerpt from the interview: PENCE: "The Republican proposal...
March 27, 2009
Pence on Sean Hannity Radio Show
Click here to listen to the audio. Below is an excerpt from the interview: PENCE: "The Republican proposal...
March 27, 2009
The GOP Alternative
Fiscal Policy: President Obama claims that Republicans "don't offer an alternative budget." In fact, they do, and it costs...
March 27, 2009
The GOP Alternative
Fiscal Policy: President Obama claims that Republicans "don't offer an alternative budget." In fact, they do, and it costs...
March 26, 2009
The Road to Recovery Begins Here
House Republicans today released the "Republican Road to Recovery," an 18-page booklet specificying the steps they will take to...
March 26, 2009
The Road to Recovery Begins Here
House Republicans today released the "Republican Road to Recovery," an 18-page booklet specificying the steps they will take to...
March 26, 2009
The Road to Recovery Begins Here
House Republicans today released the "Republican Road to Recovery," an 18-page booklet specificying the steps they will take to...
March 26, 2009
Pence Joins With House Republican Leaders to Introduce Fiscally Responsible Solution for Economic Recovery
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, gave the following speech today on...
March 25, 2009
Pence: Republicans Have A Better Solution on the Budget
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today on...
March 25, 2009
Pence: Republicans Have A Better Solution on the Budget
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today on...
March 25, 2009
Distortions From Last Night
House Leader John Boehner's office was quick to break down President Obama's address to the nation last night. After...
March 24, 2009
Who Will Be the President’s Straw Man Tonight?
Even the Washington Post has reported on the President's use of straw man tactics to scare away criticisms of...
March 24, 2009
USA Today: Opposing View: Stop Using Taxpayers' Money
By Rep. Jeb Hensarling I hope Treasury Secretary Timothy Geithner's plan to rescue America's largest financial institutions works....
March 24, 2009
Budget Myths: $2.3 Trillion Off
House Whip Eric Cantor's office has done a great job compiling facts for Republicans to lean on as America's...
March 23, 2009
7 Questions on the Budget for President Obama
The White House predicts 7.9% unemployment in 2010. The Congressional Budget Office (CBO) predicts 9.2% unemployment in 2010. Where are...
March 23, 2009
7 Questions on the Budget for President Obama
The White House predicts 7.9% unemployment in 2010. The Congressional Budget Office (CBO) predicts 9.2% unemployment in 2010. Where are...
March 23, 2009
Get Rid of Ineffective Education Programs With Howard "Buck" McKeon
After a Democrat Administration passed an omnibus bill with language to eliminate a vital school choice program, swiping vouchers...
March 23, 2009
Rep. Ryan Teams Up With Cato
Rep. Paul Ryan (WI), the ranking Member on the Budget Committee, has been hard at work drafting Republican budget...
March 23, 2009
Rep. Ryan Teams Up With Cato
Rep. Paul Ryan (WI), the ranking Member on the Budget Committee, has been hard at work drafting Republican budget...
March 23, 2009
Republicans' Budget Alternative
House Republicans want you to know there is a better way and we've got an alternative plan that is...
March 23, 2009
Jeff Flake: Uncensored
Rep. Jeff Flake (AZ) gets a few words in at the American Spectator this morning, offering insight from the...
March 20, 2009
Your Members on the Move
Rep. Virginia Foxx (NC) has been stirring the pot lately, with her explosive House floor ventures and determined messages...
March 20, 2009
Dreamy Eyed Democrats: Greatest Hits
Video is powerful. Most people don't sit around watching C-SPAN2 all day but guess what? Everything that happens on...
March 19, 2009
Pence: "Americans Have a Right to Know Who Changed the Language"
House Republican Chairman Mike Pence appeared on MSNBC today to comment on AIG bonuses and question the provision that...
March 19, 2009
Democrats’ False Hope for Change
As Republicans fought to protect taxpayers from $350 billion in additional Wall Street bailouts, Democrats assured the American people...
March 18, 2009
AIG: An Outrage
House Republicans are outraged. They are outraged about bailouts. They are outraged about massive overspending. They are outraged about...
March 18, 2009
Republicans Stand United Against A Budget That Spends Too Much, Borrows Too Much and Taxes Too Much
To view this video, click here. FOXNEWS' Major Garrett: "Republicans were so synchronized in their condemnation they could literally...
March 18, 2009
"Stimulus" Fails to Deliver the Relief the President Promised
THAT WAS THEN: On February 12, President Obama visited employees at an Illinois Caterpillar plant and said, "when they...
March 17, 2009
Pence Statement on AIG
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement at a...
March 17, 2009
A False Sense of Confidence
It was JUST TWO WEEKS AGO that the Administration said it was "confident" it knew how AIG was spending...
March 17, 2009
Republican Principles for Economic Recovery
PROTECTING JOBS AND LOWERING TAXES Instead of raising taxes on all Americans in the midst of a recession, Republicans...
March 17, 2009
Republican Principles for Economic Recovery
PROTECTING JOBS AND LOWERING TAXES Instead of raising taxes on all Americans in the midst of a recession, Republicans...
March 16, 2009
Pence Vows to Stand With Small Businesses Against Tax Increases
Washington, DC - Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement after...
March 16, 2009
St. Petersburg Times: GOP's unified "no" strategy against Obama's spending
WASHINGTON - When it comes to President Obama and the Democrats these days, you couldn't knock Republican leaders of...
March 16, 2009
St. Petersburg Times: GOP's unified "no" strategy against Obama's spending
WASHINGTON - When it comes to President Obama and the Democrats these days, you couldn't knock Republican leaders of...
March 16, 2009
Let the Sunshine In
In the middle of a tumultuous budget battle and a recently passed omnibus with nearly 9,000 earmarks, Sunshine Week...
March 13, 2009
The Facts Are On Our Side
Republicans have a few big things on their side when it comes to the economy: the facts. These include...
March 13, 2009
The Facts Are On Our Side
Republicans have a few big things on their side when it comes to the economy: the facts. These include...
March 12, 2009
Pence: "Sacrifices are being made everywhere but Washington, D.C."
On the House floor today, Rep. Mike Pence continued the Republican message that the federal goverment "spends too much,...
March 12, 2009
Pence: President and Congressional Democrats on "Unprecedented Spending Binge"
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement on the...
March 12, 2009
Republicans Launch Bicameral Effort to Blast Obama Budget Proposal
Republican leaders in the House and Senate launched an unusual joint effort Wednesday to create a drumbeat of criticism...
March 11, 2009
Obama vs. Obama - Spending
President Obama once criticized out-of-control spending and “enormous deficits” but... President Obama once criticized an “orgy of spending and...
March 11, 2009
Obama vs. Obama - Spending
President Obama once criticized out-of-control spending and “enormous deficits” but... President Obama once criticized an “orgy of spending and...
March 11, 2009
Obama vs. Obama - Spending
President Obama once criticized out-of-control spending and “enormous deficits” but... President Obama once criticized an “orgy of spending and...
March 10, 2009
Pence Calls on President to Veto Democrats’ Omnibus Bill
Washington, DC- Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the...
March 10, 2009
Pence Calls Card Check Pathway to Workplace Intimidation
Washington, DC - Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement in...
March 10, 2009
Obama's Budget Spends Too Much
Middle-class families and small businesses are making sacrifices when it comes to their own budget, yet Washington continues to spend...
March 06, 2009
GOP Member Activity Update: Taking Our Case to the American People
Republicans in the News: Rep. Michele Bachmann appeared on FOX Business Happy Hour to discuss the "cramdown" housing bill....
March 06, 2009
GOP Member Activity Update: Taking Our Case to the American People
Republicans in the News: Rep. Michele Bachmann appeared on FOX Business Happy Hour to discuss the "cramdown" housing bill....
March 06, 2009
Pence Calls for Spending Freeze
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today on...
March 06, 2009
Pence Calls for Spending Freeze
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today on...
March 06, 2009
Pence Calls for Spending Freeze
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today on...
March 04, 2009
Ten Facts About President Obama’s Health Care Proposals
President Obama's budget proposal includes nearly $1 trillion in new health care spending-a $634 billion reserve fund as a...
March 04, 2009
Obama vs. Obama - Earmarks
President Obama says he supports slashing earmarks and making all spending decisions open to the public… President Obama Pledges...
March 04, 2009
Obama vs. Obama - Earmarks
President Obama says he supports slashing earmarks and making all spending decisions open to the public… President Obama Pledges...
March 04, 2009
Talking Points on the Budget
The American people are hurting. Congress was right to take action to get this economy moving, but higher taxes...
March 03, 2009
Obama vs. Obama - Taxes
President Obama promises that taxpayers making less than $250,000 would not have their taxes "increased a single dime." President Barack...
March 03, 2009
The President’s "Radical Agenda"
"We have an agenda in this country now that I would regard as being a radical agenda. I think...
February 27, 2009
Rep. Mike Pence Discusses Budget and Economic Issues On Fox News ‘Happening Now’ With Jon Scott
Transcript: Jon Scott: Democrats call it a blueprint; Republicans say it's a target. Some of...
February 27, 2009
Pence Calls On President Obama To Veto Bloated Spending Bill
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today after...
February 26, 2009
CNN: Dem Blasts Obama's Budget
(CNN) - Mississippi Democratic Rep. Gene Taylor blasted the budget outline President Obama submitted to Capitol Hill today, saying...
February 26, 2009
CNN: Dem Blasts Obama's Budget
(CNN) - Mississippi Democratic Rep. Gene Taylor blasted the budget outline President Obama submitted to Capitol Hill today, saying...
February 26, 2009
Pence: “Administration’s Budget is Prescription for Economic Decline”
Washington, DC - Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement in...
February 26, 2009
Pence: “Administration’s Budget is Prescription for Economic Decline”
Washington, DC - Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement in...
February 26, 2009
OP-ED: Hold Your Nose For Tarp II
President Obama's address to Congress on Tuesday night foreshadowed the next development in the Troubled Asset Relief Program (TARP)...
February 26, 2009
OP-ED: Letting Judges Rewrite Loans Is Toxic Itself
"At first blush it seems somewhat strange that the Bankruptcy Code should provide less protection to an individual's interest...
February 25, 2009
Budget Talking Points
The American people are hurting, and Republicans want to work with the President to get the American people...
February 25, 2009
Budget Talking Points
The American people are hurting, and Republicans want to work with the President to get the American people...
February 25, 2009
Budget Talking Points
The American people are hurting, and Republicans want to work with the President to get the American people...
February 24, 2009
Pence Renews No Earmark Policy
WASHINGTON, DC - With consideration of the Democrats' omnibus spending bill set for tomorrow, U.S. Congressman Mike Pence released...
February 24, 2009
Pence Calls For Spending Freeze: "Enough is Enough"
“Let's do what every American family, what every small business is doing - let's freeze federal spending immediately and...
February 24, 2009
Republicans Call For Spending Freeze Now!
American families and small businesses are making sacrifices and cutting expenses. Whether through tightening family budgets, or cutting expenses...
February 23, 2009
Blunt: Freeze Federal Spending -- Now
Missouri Congressman Roy Blunt, a Republican and U.S. Senate candidate from southwest Missouri, today responded to President Obama's call...
February 13, 2009
Analysis: Stimulus Won't Jump-start Economy
WASHINGTON -- No, the big stimulus plan won't "save or create 3.5 million jobs," as the president and congressional...
February 13, 2009
CBO Predicts Lower GDP In A Decade
"The Congressional Budget Office says President Obama's giant economic recovery bill will actually hurt Americans' paychecks in the long...
February 12, 2009
Pence Calls For Democrats To Show Americans the Stimulus'
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today in...
February 11, 2009
Pence Calls Democrat “Deal” On Stimulus “Long Wish List Of Big Government Spending That Won’t Put Americans Back To Work”
U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today in response to reports...
February 11, 2009
Washington Post Criticizes Obama's "Straw Man" Tactics
By Michael D. Shear and Anne E. Kornblut Washington Post Staff Writers Wednesday, February 11, 2009; A06 FORT...
February 11, 2009
Talking Points On Pelosi-Reid Backroom Deal
House Republicans know we are in a serious recession. The American people are hurting and Republicans know Congress must act...
February 11, 2009
Drudge: $300 Million In Stimulus For 'Green Golf Carts'
New York Post: CONGRESS $HOPPING CARTS Access the original article here. By GEOFF EARLE Post Correspondent ELECTRIC...
February 10, 2009
Pence Challenges House Democrats On "Do Nothing" Charge
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, responded to charges from House Democrats...
February 10, 2009
Question and Answer: Government-rationed Health Care
In light of the inclusion of $1.1 billion in the Democrat "stimulus" legislation for the Agency for Healthcare Research...
February 09, 2009
"Worn Idea" the American People Are Tired of is "Runaway Federal Spending"
WASHINGTON, DC - U.S. Congressman Mike Pence, chairman of the House Republican Conference, appeared on NBC's "Meet the Press"...
February 05, 2009
Pence Urges Senate Colleagues To Reject Democrat Spending Bill
WASHINGTON, DC -- U.S. Congressman Mike Pence, Chairman of the House Republican Conference, issued the following statement today in...
February 05, 2009
WSJ: What Is Congress Stimulating?
Contrary to conventional Beltway wisdom, the House Republicans' zero votes for the Obama presidency's stimulus "package" is looking like...
February 04, 2009
Stimulus Talking Points
- Our nation is in a recession and millions of Americans are hurting. - Congress and the...
February 03, 2009
What They're Saying: Republicans Have A "Legitimate" Objection To Democrat "Stimulus" Plan
"... the economic measures racing through Congress would devote tens of billions of dollars to causes that have little to...
February 03, 2009
Pence: “More Big Government Spending On A Liberal Wish List Of Programs Won't Cure What Ails the American Economy”
Note: To view the speech, click here WASHINGTON, DC -- Following are the remarks delivered by Congressman Pence,...
February 03, 2009
GOP Challenges House Democrats To Release Omnibus Details
House Republican leaders on Tuesday called for public release of the proposed omnibus legislation that would encompass the nine...
January 28, 2009
Purely Partisan Bill Will Burden Generations With Unsustainable Debt Despite Bipartisan Opposition
Today the House passed H.R. 1 [digest | votes], the "American Recovery and Reinvestment Act of 2009." The...
January 27, 2009
Pence Denounces Democrat Stimulus Bill:
WASHINGTON – In response to the filing of the Democrat version of a stimulus bill, Congressman Mike Pence, chairman...
January 23, 2009
Stimulus Talking Points
The American people are hurting and our economy is in a recession. Congress is right to take action to stimulate...
January 23, 2009
Boehner Statement on House Republicans’ Economic Recovery Proposals
House GOP Leader: “Our proposals are rooted in the belief that fast-acting tax relief, rather than slow-moving and wasteful government...
January 22, 2009
Boarding Pass
TALKERS ON THE STIMULUS The American people are hurting and our economy is in a recession. Congress is right to take action...
January 14, 2009
Pence Lauds RSC Economic Stimulus Bill
Today, the House Republican Study Committee (RSC) unveiled its economic stimulus bill, the Economic Recovery and Middle-Class Relief Act....
January 14, 2009
Editorials Oppose TARP Expansion
Investor's Business Daily Editorial: "Show Us The Money" Excerpts: "One of the key principles of those who want to shrink...
January 14, 2009
Troubled Assets Relief Program (TARP) Talking Points
We are in a recession, and the American people are hurting. House Republicans are on the side of the...
January 08, 2009
Pence: House Republicans will be on the Side of the American Taxpayer
U.S. Congressman Mike Pence, Chairman of the House Republican Conference, gave the following speech on the floor of the...
January 07, 2009
Newspapers Nationwide Echo House Republicans’ Call For Sweeping Tax Cuts And Fiscal Restraint To Stimulate Economy
"[The Democrats' stimulus bill] doesn't include substantial tax cuts for American families, and it doesn't include necessary tax relief for...
