OMB: Obama Will Become First President to Spend $4T in One Year

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[Sub-Driver]

OMB: Obama Will Become First President to Spend $4T in One Year April 10, 2013

In the historical tables it released along with President Barack Obama's fiscal 2014 budget proposal this morning, the White House Office of Management and Budget revealed that in fiscal 2016 it expects Obama to become the first president in the nation's history to preside over a federal government that spends more than $4 trillion in one year.

The OMB's historical tables also reveal that the White House does not expect this administration to ever run an annual deficit as low as $458.5 billion, which was the deficit the government ran in fiscal 2008, the last fiscal year completed before Obama took office.

According to OMB's tables, the federal government would spend$3.7778 trillion in fiscal 2014 under Obama's budget proposal. It would then spend $3.9801 trillion in fiscal 2015; $4.0898 trillion in fiscal 2016; and $4.2474 trillion in fiscal 2017.

Obama will leave office on Jan. 20, 2017, about four months into fiscal 2017.

In fiscal 2007, according to the OMB's tables, the federal government ran a deficit of $160.7 billion. In fiscal 2008, that climbed to $458.5 billion.

President Obama took office on Jan. 20, 2009, about four months into fiscal 2009. A Congress in which Obama sat had already enacted the $700 billion Troubled Asset Relief Program to bailout the financial industry. But, during the first month of Obama's first term, he signed an $830 billion stimulus bill.

In fiscal 2009, the government ended up running a deficit of $1.4126 trillion. In fiscal 2010, it ran a deficit of $1.2943 trillion; in fiscal 2011, it ran a deficit of $1.2995 trillion; in fiscal 2012, it ran a deficit of $1.0869 trillion; and, in fiscal 2013, OMB projects a $972.9 billion deficit.

[SunkenCiv]

Thanks Sub-Driver.

According to OMB's tables, the federal government would spend$3.7778 trillion in fiscal 2014 under Obama's budget proposal. It would then spend $3.9801 trillion in fiscal 2015; $4.0898 trillion in fiscal 2016; and $4.2474 trillion in fiscal 2017. Obama will leave office on Jan. 20, 2017, about four months into fiscal 2017. In fiscal 2007, according to the OMB's tables, the federal government ran a deficit of $160.7 billion. In fiscal 2008, that climbed to $458.5 billion. President Obama took office on Jan. 20, 2009, about four months into fiscal 2009.

[MosesKnows]

OMB: Obama Will Become First President to Spend $4T in One Year

Is it possible that low information voters lack information of the magnitude of $4 Trillion?

$4.00
$40.00
$400.00
$4,000.00 ($4 Thousand)
$40,000.00
$400,000.00
$4,000,000.00 ($4 Million)
$40,000,000.00
$400,000,000.00
$4,000,000,000.00 ($4 Billion)
$40,000,000,000.00
$400,000,000,000.00
$4,000,000,000,000.00 ($4 Trillion)

4 Trillion is $4 Million Million.

Have you heard of someone winning a $4 million lottery drawing? That is a tidy sum to win but it represents only 0.0001% of $4 Trillion.

If you counted from 1 to 4 Trillion by advancing the count once every second it would take …

4 Seconds to count to $4
40 Seconds to count to $40
400 Seconds to count to $400
4,000 Seconds to count to $4,000
40,000 Seconds to count to $40,000
400,000 Seconds to count to $400,000
4,000,000 Seconds to count to $4,000,000
40,000,000 Seconds to count to $40,000,000 (Over 1 Year)
400,000,000 Seconds to count to $400,000,000 (Over 10 Years)
4,000,000,000 Seconds to count to $4,000,000,000 (Over 100 Years)
40,000,000,000 Seconds to count to $40,000,000,000 (Over 1,000 Years)
400,000,000,000 Seconds to count to $400,000,000,000 (Over 10,000 Years)
4,000,000,000,000 Seconds to count to $4,000,000,000,000 (Over 100,000 Years)

America’s US National Debt is rapidly approaching $17 Trillion, which would take over 500,000 years to count.

The US Total Debt is near $60 Trillion, which would take nearly 2 Million years to count.

Adding the US Unfunded Liabilities from Social Security, Prescription Drugs, and Medicare, the total is over $120 Trillion, which would take nearly 2 Million years to count.

Could it be that these greater numbers overshadow the deficit and debt numbers? Please take a peek at the US Debt Clock from time to time. There is a lot more information than the debt to discover.