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Old 07-26-2011, 10:17 AM  
dyna mo
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Obama projects spending $47.315 Trillion over the next 10 years (2012 – 2021), an increase of $17.485 Trillion above the level of spending by the previous president in his last fiscal year in office (2008). That's an increase of 59% in spending above the 2008 level, and an increase of 98% above Bush's average level of spending.

Obama projects the National Debt increasing to $26.346 Trillion (vs $10.025 Trillion for Bush's last fiscal year in office - 2008), an increase of $16.321 Trillion.


(a) - See the White House Budget for 2012 – Tables S-1 and S-14. The link is below;

http://www.whitehouse.gov/sites/defa...ets/tables.pdf


For verification of the Deficits, here is another link to an Obama White House site;
http://www.whitehouse.gov/omb/budget/Historicals See Table 1.1
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