Thursday, September 6, 2012

Here's Some Arithmetic for Bill Clinton

"People ask me all the time how we delivered four surplus budgets.  What new ideas did we bring? I always give a one-word answer: arithmetic." - President Bill Clinton
Well, here is some arithmetic for Bill Clinton.

  • Obama's tax hike on the 'rich' would raise just $65 billion more than if the current tax rates were extended. [2]  For the fiscal year 2013, the federal government is projected to spend $3.46 trillion. [3]  Or in put it another way, the federal government will spend $9.48 billion per day, meaning Obama's tax cut will only fund the government in 2013 for 6.85 days.
  • Obama's proposed tax hike on the 'rich' would only raise enough new tax revenue to fund the federal government under 2012 spending levels for 8 days. [1]
  • Fewer than 46% of Americans are working. [4]  About half of those required to file paid no federal income tax at all. [5]  The richest 10% of earners pay 70% of all income taxes. [5]  The bottom 50% paid only 2% of income taxes. [5]
  • 1,275 American troops have been killed in Afghanistan since Obama took office. [6]  1,844 US troops in total have been killed in Afghanistan since the start of Operation Enduring Freedom. [6]  That means over 60% of the causalities that occurred in the Afghanistan War have occurred during Obama's tenure as Commander in Chief.
  • It's been 1,326 days since Obama promised to close Gitmo.
  • It's been 1,227 days since the Democrat controlled Senate has passed a budget.
  • Number of uninsured now covered thanks to Obamacare's Medicaid expansion, 500,000.  [7].  Number of insured now with coverage thanks to Obamacare's pre-existing conditions exclusion rule, 61,619. [7]  Number of uninsured Obama said would be covered thanks to Obamacare, 32 million. [8]  To put it another way, Obama overstated the number of uninsured Americans that would be covered by Obamacare by 98.3%.
  • Since Obama has taken office $6 trillion has been added to the national debt.  During George W Bush's 8 years in office $4 trillion was added to the national debt.  Or to put it another way, Bush added $500 billion per year and Obama added $1.6 trillion per year to the national debt, more than 3 times the rate of Bush.
  • Of the $4 trillion dollars added to the national debt during Bush's 8 year presidency, $2 trillion of it occurred while the Democrats controlled congress. [9]
  • There were 1,079 pages in the Obama stimulus bill. [10]  Congress was given less than 12 hours to read it before voting on it. [11]  Or to put it another way, Congress had to read an average of 100 pages per hour in order to read through the entire bill before voting on it.
  • The number of pages Obamacare consisted of when passed and signed into law, 2,300. [12]  Number of pages of regulations that have been proposed to be added to Obamacare by the Health and Human Services Secretary, 13,000. [13]  

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