You’ve heard the fantasy state of the union and the progressive wish list address – now take a look at the actual state of the union – by the numbers.
There are 47.5 million Americans on Food Stamps. 22.7 million Americans are unemployed, underemployed or just gave up trying to find a job. The real undeclared unemployment rate is 14.4%. The unemployment rate for African-Americans is 13.8%. There are 844,000 unemployed veterans which will increase dramatically when Obama further cuts the defense budget. Unemployment for women – 7.8%.
1.65 million jobs are forecasted to be lost due to new and pending EPA regulations that Obama put on the shelf until after the elections. 823,000 construction jobs and 606,000 manufacturing jobs have been lost since Obama took office. 23,000 jobs were lost due to Obama’s moratorium on drilling.
ObamaCare contains $835.8 Billion new taxes, and $716 Billion in cuts to Medicare. The average health insurance premium for a family of 4 is projected to cost $15,745 a year. The total cost of Obamacare, once fully implemented, is projected to cost taxpayers $2.6 Trillion. And, 7 million Americans will lose their heath insurance coverage in 2014.
There has been $518 Billion of new Regulatory burden placed on businesses since Obama took office, $236.7 Billion just in 2012. These figures do not include the new and pending EPA regulations yet to be put into effect.
Obama’s first stimulus plus interest on the borrowed funds cost taxpayers $1.18 Trillion. Taxpayers are still owed $28.5 Billion for bailout of the Auto Industry and government expects to lose $24.3 Billion of that.
There has been 5.9 Trillion added to the debt since Obama took office. Our current national debt stands at $16.5 Trillion and is projected to be $25.4 Trillion by 2022.
The federal deficit in 2009 was $1.413 Trillion, the highest in U.S. History. The federal deficit stood at $1.294 Trillion in 2010, the 3rd highest in U.S. History. In 2011 the federal deficit was $1.296 Trillion, the second highest in U.S. History. The fourth largest deficit in U.S. History – $1.09 Trillion – occured during 2012.
Obama’s proposed 2013 budget contains $46.2 Trillion in spending which will add $5.3 Trillion to the National Debt in interest payments alone. The budget also includes $1.9 Trillion in new taxes. If passed, this budget will add $9.2 Trillion to the National Debt.
Obama’s proposed 2013 budget includes $487 Billion in cuts to our National Defense over the next ten years.
In 2024, Medicare will be broke. By 2036 Social Security will be broke. By 2043, the Federal Debt will reach 200% of GDP.
Your share of the National Debt, as it stands today, is $53,380. Projected growth for 2013 – a whopping 1.4%.
If you have the heart, you can read the rest of the numbers at this link.
