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Politics : How Quickly Can Obama Totally Destroy the US?
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To: joseffy who wrote (613)12/25/2012 4:10:37 PM
From: Hope Praytochange1 Recommendation  Read Replies (2) of 16547
 
Spending to Increase 55 Percent Under Obama's Plan

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.
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