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Obama FY2010 Budget

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Charts from Rep. Paul Ryan (R-WI) on President Barack Obama's fiscal 2010 budget.

Charts from Rep. Paul Ryan (R-WI) on President Barack Obama's fiscal 2010 budget.

Published in: Business, News & Politics

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  • 1. Spending Restraint? (in Billions of Dollars) (in Billions of Dollars) Obama FY2010 Budget 5,500 5 500 5,000 4,500 4,000 3,500 3,000 3 000 2,500 2,000 1,500 1,000 500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
  • 2. Expanding the Size of Government (Government Spending as Percentage of GDP) (Government Spending as Percentage of GDP) 31 Historical Average g Obama Administration FY2010 Budget g 29 27 25 23 21 19 17 15
  • 3. President s FY2010 Tax Increases President’s FY2010 Tax Increases Other $149 Billion Cap and Trade $646 Billion $1,431,000,000,000 $1 431 000 000 000 Small Business  and Investors $636 Billion $636 Billion
  • 4. Tax Cuts for 95% of Americans? Tax Cuts for 95% of Americans? Make Work Pay Tax Credit   = ‐$800 Impact of Cap and Trade*    = +$1,600 Net Tax Increase per Family = +$800 * CBO Estimate
  • 5. Deficit Under Democratic Budgets (Deficit Levels in Billions of Dollars) (Deficit Levels in Billions of Dollars) 2,000 Republican Budgets Democratic Budgets 1,800 1 800 1,600 1,400 $ Billion n 1,200 1,000 800 600 400 200 0 OMB Estimate
  • 6. Doubling the Debt Held by the Public (in Billions of Dollars) (in Billions of Dollars) 16,000 14,000 14 000 12,000 10,000 10 000 8,000 6,000 6 000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 200 200 200 200 200 200 200 200 200 200 201 201 201 201 201 201 201 201 201 201 OMB Estimate
  • 7. Future Debt Burden (Debt Held by Public as Percentage of GDP) (b ld b bl f ) 250 Actual ctua Democratic Budgets* e oc at c udgets 200 150 100 50 0 1940 0 1944 4 1948 8 1952 2 1956 6 1960 0 1964 4 1968 8 1972 2 1976 6 1980 0 1984 4 1988 8 1992 2 1996 6 2000 0 2004 4 2008 8 2012 2 2016 6 2020 0 2024 4 2028 8 2032 2 2036 6 2040 0 * ‐ ‐ ‐ Out‐years based on CBO’s Long‐Term Projections
  • 8. Family Energy Budget in 2012 y gy g Cost with Cap & Trade Cost without Cap & Trade $1,415 $1,303 $1,786 (+ 9%) $1,536 ( (+ 16%) ) $1,236 $1,082 (+ 14%) Gasoline Nat. Gas Electricity
  • 9. Doubling the National Debt (Billions of Dollars) (Billions of Dollars) 25,000 20,000 15,000 10 000 10,000 5,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 200 200 200 200 200 200 200 200 200 200 201 201 201 201 201 201 201 201 201 201 OMB Estimate
  • 10. Cap and Trade = 1.5 Million Jobs Lost (Cumulative Job Losses Per Year) (Cumulative Job Losses Per Year)   1,600,000 1,400,000 1,200,000 1,000,000 800,000 800 000 600,000 400,000 200,000 0 2011 2012 2013 2014 2015
  • 11. President’s Entitlement Spending Increases Other  $38 Billion Refundable Tax  R f d bl T Credit $326 Billion Physician Payment  Increases $330 Billion $, $1,012,000,000,000 , , , Health Care  Spending Financed  p g with Taxes $318 Billion