Statements about Deficit
National debt plus unfunded liabilities adds up to $520,000 per American household.
Obama promised to cut the deficit by half by the end of his first term but he "hasn't even come close."
George Allen and his colleagues in the Senate "turned the biggest surplus in the history of the United States into the biggest deficit in the history of the United States."
If Congress froze the current spending level and then cut it by 2 percent annually, "we could balance the budget in five years."
Says President Barack Obama "added" $6.5 trillion to the national debt in his first term, more than the $6.3 trillion added by the previous 43 presidents combined.
President Obama gave Egypt's Muslim Brotherhood one and a half billion dollars.
"The Democrat-controlled Senate, it hasn't passed a budget in more than 1,000 days."
The Buffett Rule "will bring in less than $5 billion per year. ... Enough to pay one week’s interest on the national debt."
Says the Congressional Budget Office has estimated "every penny of the federal budget will go to interest on the debt and entitlement spending by 2025."
The "Buffett rule" "raises virtually no money, maybe a day and a half of our borrowing per year."
"Since President Obama took office, our federal spending has increased by nearly 30 percent and our national debt has increased by almost 50 percent."
"Right now we have sufficient reserves to take care of Tennessee's lottery scholarship students for a few years more."
Says in the 2012 State of the Union address, President Obama "didn't even mention the deficit or debt."
President Obama's "budget would call for about $25 trillion in debt by the end of his term, if he was re-elected."
Says "we had to cut 13 billion dollars in state spending over two years."
Mitt Romney "left Massachusetts $1 billion in debt."
"Senator Menendez said he would spend our money wisely. But our annual national deficit climbed from $250 billion a year to $1.6 trillion on his watch."
"The national debt is equal to $48,700 for every American or $128,300 for every U.S. household. It is now equivalent to the size of our entire economy."
"Sheldon Whitehouse's failure of leadership, the adding of almost $8 trillion in debt in his first full term, is shameful..."
A typical married couple "will contribute $119,000" into Medicare but will "receive $357,000 in Medicare benefits over their lifetimes."
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