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Obama Spending Meter
13 February 2008The RNC has launched a new website detailing and tracking the Dems promises.
THE CAMPAIGN HAS STARTED! Avast you scurvy dogs prepare to be boarded!
Well, anyway keep in mind the difference between Hill and Barack (What is Barack’s nickname? Bar? Rack? Ack?, Hus?) is only on who voted for the War and after that there is not much difference. Except one would send the police in to make you pay for their health care plan, and if you don’t know which one that is, you have not been paying attention!
Some of the freebies in his bag, according to the RNC.
If Obama Could Enact All Of His Campaign Proposals, Taxpayers Would Be Faced With Financing Over $850 Billion In New Spending Over One White House Term:
Obama’s Health Care Plan Will Cost Up To $65 Billion A Year; Equal To $260 Billion Over Four Years. “[Obama] campaign officials estimated that the net cost of the plan to the federal government would be $50 billion to $65 billion a year, when fully phased in, and said the revenues from rolling back the tax cuts were enough to cover it.” (Robin Toner and Patrick Healy, “Obama Calls For Wider And Less Costly Health Care Coverage,” The New York Times, 5/30/07)
Obama’s Energy Plan Will Cost $150 Billion Over 10 Years, Equal To $15 Billion Annually And $60 Billion Over Four Years. “Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 25)
Obama’s Tax Plan Will Cost Approximately $85 Billion A Year; Equal To $340 Billion Over Four Years. “[Obama’s] proposed tax cuts and credits, aimed at workers earning $50,000 or less per year, would cost the Treasury an estimated $85 billion annually.” (Margaret Talev, “Obama Proposes Tax Code Overhaul To Help The Poor,” McClatchy Newspapers, 9/19/07)
- Obama’s Plan Would Raise Taxes On Capital Gains And Dividends, And On Carried Interest. Obama’s tax plan includes: “[i]ncreasing the highest bracket for capital gains and dividends and closing the carried interest loophole.” (Obama For America, “Barack Obama: Tax Fairness For The Middle Class,” Fact Sheet, www.barackobama.com, Accessed 1/8/08)
Obama’s Economic Stimulus Package Will Cost $75 Billion. “Barack Obama’s economic plan will inject $75 billion of stimulus into the economy by getting money in the form of tax cuts and direct spending directly to the people who need it most.” (Obama For America, “Barack Obama’s Plan To Stimulate The Economy,” Fact Sheet, www.barackobama.com, 1/13/08)
Obama’s Early Education And K-12 Package Will Cost $18 Billion A Year; Equal To $72 Billion Over Four Years. “Barack Obama’s early education and K-12 plan package costs about $18 billion per year.” (Obama For America, “Barack Obama’s Plan For Lifetime Success Through Education,” Fact Sheet, www.barackobama.com, 11/20/07, p. 15)
Obama’s National Service Plan Will Cost $3.5 Billion A Year; Equal To $14 Billion Over Four Years. “Barack Obama’s national service plan will cost about $3.5 billion per year when it is fully implemented.” (Obama For America, “Helping All Americans Serve Their Country: Barack Obama’s Plan For Universal Voluntary Citizen Service,” Fact Sheet, www.barackobama.com, 12/5/07)
Obama Will Increase Our Foreign Assistance Funding By $25 Billion. “Obama will embrace the Millennium Development Goal of cutting extreme poverty around the world in half by 2015, and he will double our foreign assistance to $50 billion to achieve that goal.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 53)
Obama Will Provide $2 Billion To Aid Iraqi Refugees. “He will provide at least $2 billion to expand services to Iraqi refugees in neighboring countries, and ensure that Iraqis inside their own country can find a safe-haven.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 51)
Obama Will Provide $1.5 Billion To Help States Adopt Paid-Leave Systems. “As president, Obama will initiate a strategy to encourage all 50 states to adopt paid-leave systems. Obama will provide a $1.5 billion fund to assist states with start-up costs and to help states offset the costs for employees and employers.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 15)
Obama Will Provide $1 Billion Over 5 Years For Transitional Jobs And Career Pathway Programs, Equal To $200 Million A Year And $800 Million Over Four Years. “Obama will invest $1 billion over five years in transitional jobs and career pathway programs that implement proven methods of helping low-income Americans succeed in the workforce.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 42)
Obama Will Provide $50 Million To Jump-Start The Creation Of An IAEA-Controlled Nuclear Fuel Bank. Obama: “We must also stop the spread of nuclear weapons technology and ensure that countries cannot build — or come to the brink of building — a weapons program under the auspices of developing peaceful nuclear power. That is why my administration will immediately provide $50 million to jump-start the creation of an International Atomic Energy Agency-controlled nuclear fuel bank and work to update the Nuclear Nonproliferation Treaty.” (Sen. Barack Obama, “Renewing American Leadership,” Foreign Affairs, 7-8/07)
The National Taxpayers Union’s take on this somewhat more modest. Giving Ack and Hill, 218B$ and 287B$ respectively.
NTUF assumed the most conservative cost estimates of federal outlays based on a variety of sources, including the candidates’ own projections; summaries from the Congressional Budget Office, Congressional Research Service, and the White House Office of Management and Budget; and results from equivalent legislation from NTUF’s BillTally cost accounting system. Among the general findings of the eight reports, analyzing six Republicans and two Democrats:
- The eight candidates proposed a combined total of 189 items that would increase federal spending, 24 items that would decrease it, and 238 items whose budgetary impacts are unknown — in addition to dozens of sub-items further detailing program components. The four respective frontrunners in the two parties (John McCain, Mitt Romney, Hillary Clinton, and Barack Obama), proposed overall fiscal policy agendas whose net effect would raise annual federal outlays between $6.9 billion and $287.0 billion.
- The top-tier GOP candidates often portrayed as “conservative” (Mitt Romney and Mike Huckabee) actually called for significantly larger spending hikes ($19.5 billion and $54.2 billion, respectively), than the so-called “moderate conservative” (John McCain, $6.9 billion).
- Among Democrats, Barack Obama, often described as ideologically more “moderate” than Hillary Clinton, actually has the larger agenda of the two ($287.0 billion vs. $218.2 billion).
- Defense-related spending items received the highest proposed spending increases among Republican candidates. Huckabee and Romney, for example, offered $67.2 billion and $40.6 billion, respectively. Among Democrats, Clinton’s biggest boost goes toward health care ($113.6 billion) and Obama’s for economy, transportation, and infrastructure ($105.0 billion).
- Two of the eight candidates proposed sufficient spending cuts that more than offset their new spending plans: Rudy Giuliani (-$1.4 billion) and Ron Paul (-$150.1 billion).
6 Responses to “Obama Spending Meter”
February 15th, 2008 at 5:53 pm
[…] anyone DOES want to know Obama’s actual policies… check them out here. This just covers the major platforms he is running on. (1 votes, average: 5 out of 5) […]
February 19th, 2008 at 4:55 pm
Thanks for posting this information - I cannot believe how fast our national debt is increasing each year. Just amazing and scary at the same time.
Regards
K Kent
February 22nd, 2008 at 9:43 am
Yeah, he’s spending 874 billion over 4 years.
Well welcome to reality people, you best friend Bush has a budget of atleast a trillion dollars, so stop being soo hypocritical you spendometer FOOLS!
February 22nd, 2008 at 10:06 am
Not my best friend.
Bush has been an extreme disappointment.
I just wish the democrats would run a decent candidate for once and give us a real choice.
February 22nd, 2008 at 2:21 pm
All those who support Obama:
Why why when someone calls Obama on the costs of his programs do many point to BUSH?
Do you think the programs will come free? From where? China?
If you don’t know then ADMIT IT. Also, Obama as a Senator who has voted on appropriations bills should have some clue about the finest details.
If the best answer is based on what Bush did or didn’t do then you either don’t know or don’t care.
To answer: Well at least he’s not Bush shows an inability to argue effectively.
Now can someone please tell me why Obama did not even bother to show up to vote on the bill that would have banned waterboarding?
May 8th, 2008 at 10:15 am
[…] are you shitting me? have you bothered to look at any of his stances on any issues? CtTaxed.com Blog Archives Obama Spending Meter Those are only estimates, of course, but most government costs are far worse than estimated. The […]