Spendzilla! Fun facts about Obama’s budget-busting budget

By Michelle Malkin  •  February 26, 2009 03:49 PM

This handy breakdown of the Obama budget just landed in the inbox from the GOP leader’s office.

Look out! Spendzilla is on the loose:

In 2009, federal spending will approach $4 trillion, or 28 percent of gross domestic product (GDP) – a one-third increase in the size of government in a single year. The budget released by the White House today is loaded with job-killing tax hikes and a slate of even more government spending. Overall, the blueprint projects a record $1.75 trillion deficit this year while doubling the national debt over the next ten years. Following are just 10 fast facts about the Administration’s budget, which our children and grandchildren will be paying for far into the future.

1. The Administration’s projected budget deficit of $1.75 trillion is higher than the last five years of deficits combined, and under this plan, we will see three consecutive trillion dollar deficits between now and FY 2012.

2. While it was purported to cut the budget deficit in half – from $1.75 trillion in 2009 to $533 billion by 2013 – this budget projects higher deficits in 2014 ($570 billion), 2015 ($583 billion), and 2016 ($637 billion). In 2019, the final year in the budget, the deficit is projected to be $712 billion.

3. Including the recently-enacted trillion-dollar “stimulus” spending bill, discretionary spending will soar by 24 percent this year under this budget.

4. The budget projects that the national debt will increase from $8.4 trillion in 2009 to $15.4 trillion in 2019.

5. The Administration’s budget contains $1.4 trillion in tax increases – tax hikes that will impact everyone, from small businesses, charities, and seniors to everyone who owns a 401(k) and anyone who flips on a light switch.

6. After promising that he will reduce taxes on 95 percent of Americans, the Administration’s budget establishes a $646 billion energy tax hike that will impact anyone who uses electricity, drives a car, or relies on energy in any way.

7. This budget forecasts more than $1.5 trillion in new health care spending, including a 10-year, $634 billion a health care “reserve fund.” The budget also calls for seven percent annual growth in Medicare and more than six percent annual growth in Medicaid over the next 10 years.

8. The budget includes a $750 billion placeholder for a second round of spending under the Troubled Assets Relief Program (TARP), even though the first round of TARP spending is not yet finished, nor is there a clear explanation of how funds under the initial round was spent.

9. The Administration’s budget claims that reducing the number of troops in Iraq over the next 10 years will cut the deficit by $1.6 trillion; however, that is only because the budget allocates the same amount of funds for the Iraq war each year over the next decade, even though most combat troops may be withdrawn during the next 19 months. The savings are, at best, deceptive.

10. The budget provides a scant 2.9 percent pay raise for military personnel as required by law, less than a week after Democrats in Congress provided the necessary funding to implement District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent
pay increase.

(link)

***

Related: Helpful budget charts from AFP.

Posted in: Politics

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Trackbacks

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  3. Here’s your ‘hope and change’, America « Out West
  4. Look out! Spendzilla is on the loose! The REAL Facts about Obama’s budget-busting budget | Fire Andrea Mitchell!
  5. Is Jefferson’s Warning of “Want of Bread” Here with Obama’s Horrific Tax-Crazy, Porkstatic Budget? « Frugal Café Blog Zone
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  12. Brother can you spare a dime … or trillion? - AWG - The Angry White Guy’s Blog
  13. $25,000 per taxpayer? Thats Hussein Obama’s budget that even turncoat Olympia Snowe doesn’t like | Fire Andrea Mitchell!
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Comments


  1. #1
    On February 26th, 2009 at 3:54 pm, malkin_fan said:

    This is all going to work. Just give it time.

    We are SCREWED!!!!!!

  2. #2
    On February 26th, 2009 at 3:55 pm, tpitman said:

    6. After promising that he will reduce taxes on 95 percent of Americans, the Administration’s budget establishes a $646 billion energy tax hike that will impact anyone who uses electricity, drives a car, or relies on energy in any way.

    Lump in a carbon emissions tax, and we won’t be allowed to breathe without cutting a check. It’ll be like a pay toilet. Actually, I guess that’s what they ARE doing in Australia. I wonder how Bam and Nancy missed that one? Us tax scofflaws will have to start erecting outhouses!

  3. #3
    On February 26th, 2009 at 3:56 pm, Ed Mahmoud abu al-Kahoul said:

    10. The budget provides a scant 2.9 percent pay raise for military personnel as required by law, less than a week after Democrats in Congress provided the necessary funding to implement District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent
    pay increase.

    I do think the murder rate in DC is higher than Baghdad.

    But obviously, Democrats have detested the military, or possibly even worse, pitied the people in the military as desperate rubes who had no other choice but to enlist.

  4. #5
    On February 26th, 2009 at 3:57 pm, John Deaux said:

    My favorite part is how the MSM is reporting the deficit as if it’s inevitable.

  5. #6
    On February 26th, 2009 at 3:57 pm, conservativesRus said:

    Actually balancing the budget is easy. All you have to do is tax all of the rich people (those making more than $250,000) at a 839% rate.
    When anybody says “don’t be ridiculous”…my response is “Why then are you being ridiculous and say that the person making 250 deserves higher taxes than the person making 249? Maybe the 250 guy worked harder? Maybe they worked smarter? Maybe they made 0 one year and 250 the next. The another guy made 125 each year.”
    Their heads explode at that point.

  6. #7
    On February 26th, 2009 at 3:59 pm, Ed Mahmoud abu al-Kahoul said:

    BTW, I believe Obama is intentionally trying to destroy the middle class, to make this country more fertile ground for true Soviet communism. Euro style pseudo-socialism isn’t good enough for him.

    If the timing works, the economy starts to recover some in 2010 on its own, before the high taxes and massive government borrowing competing with private sector borrowing drives the economy back into the tank, so Obama can keep working majorities in the House and Senate.

    By 2012, the Rahm Emmanuel census and ACORN designed same day registration/voting laws, ie, voter fraud on a scale not seen even in Third World countries, should make the elections safe for the Demonratic Party no matter how badly the economy explodes.

  7. #10
    On February 26th, 2009 at 4:09 pm, taylork said:

    I want an earmark that funds mandatory sterilization for people who have children while on welfare. It’ll due more to cut future budget deficits than anything else.

  8. #11
    On February 26th, 2009 at 4:12 pm, sonofdy said:

    So obama will reduce the defict by 50% after rasing it 500%.

    SUCKERS!!!

  9. #12
    On February 26th, 2009 at 4:12 pm, txvet2 said:

    Just off the top of my head without checking the math, it would appear that by 2019 the United States will be completely and irredeemably insolvent. Along with the rest of the world. I’ve already apologized to my children and grandchildren for the world we’re leaving them. Looks like I understated it. Not my problem, though. By then the medical Nazis will have denied me life-saving medical care and I’ll be on to the next life.

  10. #13
    On February 26th, 2009 at 4:13 pm, Paul Revere said:

    Thank you Virgina, North Carolina (idiots here!), Florida, Colorado, New Mexico, and Nevada!

  11. #14
    On February 26th, 2009 at 4:17 pm, SeniorD said:

    President-in-training Hussein al-Chicago received his indoctrination in Communist insurgency from past masters. Don’t let him confuse you, by getting the Stalinist Hillary Clinton out of the Legislative picture, al-Chicago makes the way clear for Maoist style Communism. Again, all signs point to the al-Chicago wants true Communism as practiced by the true believer Mao Zedong and his US Puppet William Ayers.

  12. #15
    On February 26th, 2009 at 4:18 pm, tarpon said:

    WOW this is a whopper of a lie, even by Obama’s lying standards. PRAVDA cannot die fast enough for me.

    I encountered a cruel, mean, liberal today, he said deficits were all the fault of the war. After a few minutes of yelling, he admits he didn’t know how much the war had cost, but he had heard the deficits were because of the war …

    It’s a common fact, one can’t be liberal and rational at the same time.

  13. #17
    On February 26th, 2009 at 4:25 pm, ITookTheRedPill said:

    On February 26th, 2009 at 4:17 pm, SeniorD said:

    President-in-training Hussein al-Chicago received his indoctrination in Communist insurgency from past masters. Don’t let him confuse you, by getting the Stalinist Hillary Clinton out of the Legislative picture, al-Chicago makes the way clear for Maoist style Communism. Again, all signs point to the al-Chicago wants true Communism as practiced by the true believer Mao Zedong and his US Puppet William Ayers.

    I personally believe Obama represents the Russian Communists, while the Clintons represent the Chinese Communists.

  14. #18
    On February 26th, 2009 at 4:25 pm, flmom said:

    You have to marvel at the man who can stand before the nation and declare that he’s ‘inherited ‘a deficit and then proceed to roll out some of the biggest spending programs in history. It reminds me of the time of the Rev. Wright controversy, when he had the chutzpah to blandly announce that he didn’t think Wright was particularly controversial. He’s telling us not to believe our lying eyes.

  15. #19
    On February 26th, 2009 at 4:25 pm, walterc said:

    I was talking to my son the other night, and he was telling me that he was thinking about re-enlisting in the Navy when his current enlistment is up this fall. The last time we talked about it, he was saying he would probably get out since he was tired of not seeing his kids grow up. Now he says he is concerned about not being able to find a job if he gets out (he’s an aircraft mechanic). But then again, given the great pay scale for our enlisted personnel, he’s having trouble keeping food on the table as it is.

    But with a 2.9% pay increase he can probably make more money on unemployment.

    He told me that most of his co-workers are expecting a full blown depression before it’s all over. I have a tendency to agree with them.

  16. #20
    On February 26th, 2009 at 4:27 pm, ITookTheRedPill said:

    On February 26th, 2009 at 4:12 pm, sonofdy said:

    So obama will reduce the defict by 50% after rasing it 500%.

    SUCKERS!!!

    My thoughts exactly.

  17. #21
    On February 26th, 2009 at 4:29 pm, sbw999 said:

    Hey it’s an historic moment! I mean how many people have actually been around to witness a Country the size of America actually die???

  18. #22
    On February 26th, 2009 at 4:32 pm, jt3151 said:

    It’s a common fact, one can’t be liberal and rational at the same time.

    You can’t reason someone out of an idea that they did not reason themselves into.

  19. #23
    On February 26th, 2009 at 4:39 pm, torabora said:

    Brother, can you spare me a dime…bag.

    wink

  20. #24
    On February 26th, 2009 at 4:40 pm, right4life said:

    He told me that most of his co-workers are expecting a full blown depression before it’s all over. I have a tendency to agree with them.

    except this will be an INFLATIONARY depression…while the great depression was a deflationary one…

    so money will be worthless..

  21. #25
    On February 26th, 2009 at 4:42 pm, RedDog said:

    ………… and when it all implodes, George Bush and the Republicans will be to blame forever and ever and ever et cetera et cetera. More propaganda. The Loyal Opposition is down for the count. Are there any thinking patriot Democrats left to stand against the Marxist main battle tanks like that lone Chinese man in Tienanmen Square?

  22. #26
    On February 26th, 2009 at 4:44 pm, AlohaGuy said:

    The Administration’s projected budget deficit of $1.75 trillion is higher than the last five years of deficits combined

    Uh-huh, and the Dems kept complaining that it was Bush’s fault. You own this lgm.

  23. #27
    On February 26th, 2009 at 4:45 pm, torabora said:

    waterc…my married nephew, w/ kids, 10 yrs in, E5 stationed in Europe grossed $77000 pay and allowances last year.

    I think the military pays OK.

  24. #28
    On February 26th, 2009 at 4:47 pm, RedDog said:

    On February 26th, 2009 at 3:59 pm, Ed Mahmoud abu al-Kahoul said:
    BTW, I believe Obama is intentionally trying to destroy the middle class, to make this country more fertile ground for true Soviet communism. Euro style pseudo-socialism isn’t good enough for him.

    How true! The Euros may even consider America it’s new cold war enemy! At the rate we’re going Obama will make Joe Stalin look like Gerald Ford.

  25. #29
    On February 26th, 2009 at 4:48 pm, AlohaGuy said:

    District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent
    pay increase.

    Well yeah – those over-paid grunts in the desert trying to feed the kids at home just don’t appreciate how tough it is to party in DC in style.

  26. #30
    On February 26th, 2009 at 4:49 pm, California Red said:

    Puking my guts out.

  27. #31
    On February 26th, 2009 at 4:50 pm, Laree said:

    More People being put out of work another paper bites the dust.

    http://www.rockymountainnews.com/news/2009/feb/26/rocky-mountain-news-closes-friday-final-edition/

  28. #32
    On February 26th, 2009 at 4:58 pm, Bicyea said:

    Can we call the budget “gargantuan”?

    You know, I’ve always liked that word… ”gargantuan”… so rarely have an opportunity to use it in a sentence.

  29. #33
    On February 26th, 2009 at 5:02 pm, Elm Creek Smith said:

    10. The budget provides a scant 2.9 percent pay raise for military personnel as required by law, less than a week after Democrats in Congress provided the necessary funding to implement District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent
    pay increase.

    So the people who fight the wars get a huge 2.9% increase in pay while the FSOs who pander to our enemies until they cause wars get a tiny 18% increase. Right. /sarc

    On February 26th, 2009 at 4:25 pm, walterc said:
    I was talking to my son the other night, and he was telling me that he was thinking about re-enlisting in the Navy when his current enlistment is up this fall. The last time we talked about it, he was saying he would probably get out since he was tired of not seeing his kids grow up. Now he says he is concerned about not being able to find a job if he gets out (he’s an aircraft mechanic). But then again, given the great pay scale for our enlisted personnel, he’s having trouble keeping food on the table as it is.

    But with a 2.9% pay increase he can probably make more money on unemployment.

    When I was on active duty, married E-6s with children qualifed for food stamps and EIC. Under the “new” expanded EIC, he might be better off staying on active duty. I’m not advocating that he take his share of Da One’s redistribution of wealth scam, but it’ll probably be there.

    On February 26th, 2009 at 4:45 pm, torabora said:
    waterc…my married nephew, w/ kids, 10 yrs in, E5 stationed in Europe grossed $77000 pay and allowances last year.

    I think the military pays OK.

    Given the responsibility that an E5 has in the military, I think not. We didn’t join the military to get rich, but a living wage comensurate with our responsibilities would have been nice.

    ECS
    CPT (O-3E), AR
    US Army (Retired)

  30. #35
    On February 26th, 2009 at 5:12 pm, UglyBagOfMostlyWater said:

    President B.O. stinks. That is all.

  31. #36
    On February 26th, 2009 at 5:15 pm, Dexter Alarius said:

    my married nephew, w/ kids, 10 yrs in, E5 stationed in Europe grossed $77000 pay and allowances last year.

    I think the military pays OK.

    Sounds like he lives off-base, which means he gets an Overseas Housing Allowance to cover the exhorbitant rent. Oh, the landlords know exactly how much those allowances are so they can jack up their prices accordingly.

    Even with subsidized prices in the Commissary and Exchange, prices overseas are more expensive than here. Gasoline, even with the subsidies, is almost twice as expensive as here, and is rationed.

    He may have been deployed, and therefore getting hostile fire pay.

    He may be an enlisted aircrew member, getting flight pay.

    With a 2-hour show time before takeoff for preflight duties, long missions, and the postflight duties, I would regularly put in 16-18 hour days when I was an AWACS crewmember, flying out of such garden spots as Saudi Arabia, Turkey, and nameless places in the middle of nowhere.

    My point is, that sounds like a lot for an E5, but we don’t know the whole story. But, I’ll bet he earns it, along with my thanks and respect.

  32. #37
    On February 26th, 2009 at 5:23 pm, Yashmak said:

    In 4 years, the ability to say “I told you so” is going to seem scant consolation as we observe the impending ruin of what was once the greatest economy in the world.

    Having read the WSJ’s analysis on the laughable notion that this will be paid for by not renewing tax breaks on the rich (who are already overtaxed), that in fact it won’t even pay for 1/3 of this. . . I can’t even bear to read anymore.

    In October, my first child will enter this world. For the first time ever, I find myself entertaining the notion that some other country might be a better place to raise that child.

  33. #38
    On February 26th, 2009 at 5:40 pm, zorro said:

    Spendzilla!

    Democraps (and several republicans) Gone Wild!

    Oh, the landlords know exactly how much those allowances are so they can jack up their prices accordingly.

    Easy now, I was renting my waterfront condo out for $1,400/month annual lease, a friend at Hurlburt Field knew of a recently married USAF couple who needed a place, their off base allowance was $870/month, I agreed to that price. And happy to do so. It’s the very least I can do for those who fight.

  34. #39
    On February 26th, 2009 at 5:46 pm, Dexter Alarius said:

    Easy now, I was renting my waterfront condo out for $1,400/month annual lease, a friend at Hurlburt Field knew of a recently married USAF couple who needed a place, their off base allowance was $870/month, I agreed to that price. And happy to do so. It’s the very least I can do for those who fight.

    I was referring, from my own experience, to landlords in Germany, etc., overseas. When the allowances went up, rent went up. What you did was commendable. Thank you!

  35. #40
    On February 26th, 2009 at 5:57 pm, zorro said:

    Thanks Dexter, as I mentioned, I am very happy to do it. In fact if this couple moves out, I will only advertise the unit in the Hurlburt Commando base newspaper.

  36. #42
    On February 26th, 2009 at 6:06 pm, Speakup said:

    Bend over and spread’em here comes the probosces party again.

  37. #43
    On February 26th, 2009 at 6:07 pm, graysonret said:

    Raise taxes on the rich. I wonder if they include Hollywood, themselves and Oprah in that. I doubt it. Once the “rich” are taxed out, and investments dry up, companies will lay off workers (the poor) and prices will rise (our “tax”). When you tax the “rich” you tax all of us, even the poor, in other types of taxes, price increases and inflation. When they need more money, they will come after the rest of us, who are left working. The ’30s all over again, with hand-outs and 25% unemployed. With prices going up, there will be price freezes, driving companies out of business. Banks will fail again, of course. I am not wanting a world war to bail us out, like 1941. History repeats itself all over again…the 1840s, 1890s, 1930s and 2009.

  38. #44
    On February 26th, 2009 at 6:20 pm, On-my-soap-box said:

    On February 26th, 2009 at 4:12 pm, sonofdy said:
    So obama will reduce the defict by 50% after rasing it 500%.

    SUCKERS!!!

    Dude,

    I know you just forgot how it works. Let me remind you.

    Obama’s $3.55 trillion budget

    It started out as a $7.1 trillion so he reduced the deficit by 50%.

    I am sure it was just an oversight.

  39. #46
    On February 26th, 2009 at 6:25 pm, Wellsy said:

    This country can’t afford to take on all this debt. The massive growth in government, along with the vindictive tax increases based more on class warfare than sound economic theory, are going to rip America away from the populist ideas of economic freedom she was founded on.

    The Founding Fathers are weepin in Heaven, and they’ll be restless in their graves for the months and years to come.

  40. #47
    On February 26th, 2009 at 6:30 pm, J S Ragman said:

    Groucho: “But I saw it with my own eyes.”

    Chico: “Well, who you gonna believe? Me, or your own eyes?”

    That used to be funny.

  41. #48
    On February 26th, 2009 at 6:39 pm, Tagwife said:

    This reminds me of someone going to a fast food place-ordering hamburgers, french fries etc and then getting a diet coke.
    After raising the national dept by trillions Obama wants to balance the budget…something as they use to say is rotten in Denmark

  42. #49
    On February 26th, 2009 at 7:24 pm, Marie said:

    Forget about the spending and start worrying about the POLICY changes.
    Read about the 3 or 4 big changes in policy. We can recoup money. Policy is harder to change back….

  43. #51
    On February 26th, 2009 at 8:08 pm, Godzilla said:

    Imposterzilla!

    Don’t blame me, I just attack Tokyo!

  44. #53
    On February 26th, 2009 at 10:12 pm, hitcharide said:

    For comment #23…I suspect that is a huge, whopping LIE. I was an E-5 and was medically retired in 97. It’s been a few years but my base pay (taxable income) was about 16,000 a year. Even including a housing allowance and commuted rations, it only brought me to about 22,000. Somehow I doubt pay of all types has gone up that much, and I qualified for WIC for my kids because, and here’s the simple truth of it, military pay is crap unless you’re in the nuke field and get good bonuses for re-enlistment. There are no bonuses for Boatswains’ Mate, which I was (and I wasn’t doing it for the money, nor was I happy about going to war to preserve the right of liberals to whine and complain about how “well paid” we in the military are.) Add onto that the hours one works in the military…a typical work week is sixty hours plus, I’ve worked three days STRAIGHT before and there is no overtime pay, by the way. Until you make E-6, which typically takes six to eight years at best, it’s a struggle to pay bills and raise kids. I know that teachers, auto workers and every other unionized group makes a lot more, and I don’t recall too many of them deploying for six months plus and running the danger of getting killed far from home. Any way you slice it, liberals resent people in the military getting a fair wage, and I’ll be surprised if military gets any increase at all over the next few years since liberals always cut military first.

  45. #54
    On February 26th, 2009 at 10:26 pm, rightisright said:

    hitcharide, a huge thanks to you and all the soldiers that protect America in all branches of the service.
    These are the people that will save America if and when there is a 2nd American Revolution, the military that will fire upon American citizens are far and few between.

  46. #58
    On February 27th, 2009 at 12:27 am, katablog said:

    Does 98% (the other 2% seem to be here screaming) have any clue what type of numbers we are talking about? Do they have a clue?

    I’m shocked – even for the O this is beyond belief. Talk about audacity! The Audacity to Spend.

  47. #59
    On February 27th, 2009 at 12:31 am, katablog said:

    #23 is making up the numbers. My hubby is retired Col and doesn’t make (and never did) the money he’s talking about. Maybe when he’s saying pay & allowances he’s including the “value” of military health care, retirement and a bunch of other stuff. That ain’t no housing allowance either.

  48. #60
    On February 27th, 2009 at 12:50 am, Papa Louie said:

    This budget forecasts more than $1.5 trillion in new health care spending, including a 10-year, $634 billion health care “reserve fund.”

    The ruling Dems chose government spending over tax cuts because they claimed people would not spend the extra money but would save it, and that, according to them, would not stimulate the economy. But now they plan to sock $634 billion into a reserve fund for universal health care that would not be spent for 10 years. How does that stimulate the economy?

  49. #61
    On February 27th, 2009 at 1:27 am, Papa Louie said:

    Obama’s proposed budget makes it clear that the “looters” and “moochers” are in control of our country. They plan to take from the rich (those who produce) and give to the poor (those who do not produce but only consume.) They plan to end successful and proven programs like missle defense, Iraq, and oil and coal production, to fund programs that have either failed in the past or are unproven, like government run health care, expanded welfare, expanded government, global warming research and green energy programs.

    The Looters are running amuck. They want to punish success and reward failure. They want to take from those who work and produce and give to moochers who neither work nor produce. They love those who fail and hate those who create and invent and who are successful in their work. They seek to bite the hand that feeds them and to destroy those who produce, even though they are dependent on them.

    …No, I can’t see any flaw in their logic.

  50. #64
    On February 27th, 2009 at 6:21 am, WarTip said:

    I wonder:

    Are those numbers for the projected deficit amounts figured based on current interest rates or did they figure in another period of double-digit Jimmy (The Teeth) Carter inflation and interest rates that are soon to make their ugly return?

  51. #66
    On February 27th, 2009 at 9:34 am, nail49 said:

    I’ve already apologized to my children and grandchildren for the world we’re the liberals are leaving creating for them.

    txvet2: Fixed it for ya…

  52. #68
    On February 27th, 2009 at 10:07 am, Gorebot said:

    Hesus-friggin’-Christmas, do we ever need an all-out slugfest of a war — against a clear, irredeemable, and irrefutable enemy — in order to get out of this.

    Something that will stop even the liberal Despercrats in their Spend-A-Holic tracks.

    Kim Jong (Menta-Lee) Il, or Ahman AmIaWhackJob, might save the West yet. They’re about the only two left who can.

  53. #69
    On February 27th, 2009 at 11:58 am, cabrerski said:

    On February 26th, 2009 at 3:55 pm, tpitman said: Us tax scofflaws will have to start erecting outhouses!

    The only problem is that we will have to file Environmental Impact Statements with each use.

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