Charts:

HouseBudgetCommittee
g
MarkupFY2010
March25,2009

WarRelatedDoD SpendingSince2001
(i
Billi
f D ll )
(inBillionsofDollars)
200

186

180

165

160

141
130

140
116

120

100

100
80

76

74

2003

2004

60
40
20

14

19

2001

2002

0
2005

2006

2007

2008

2009* 2010**

Source:CBO&OMB.*2009includesenactedandpendingrequests.**2010request

TheMajoritysBait&SwitchSCHIPFunding

MillionsofCh
hildren

11
9
7
5
3
1
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

SpendingRestraint?
(in
billions of dollars)
(inbillionsofdollars)
ObamaFY2010Budget*

5,500.0
5 000 0
5,000.0
4,500.0
4,000.0
,
3,500.0
3,000.0
2,500.0
2,000.0
1 500 0
1,500.0
1,000.0

Source:*=CBOEstimate

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

500.0

ExpandingtheSizeofGovernment
(Government Spending as Percentage of GDP)
(GovernmentSpendingasPercentageofGDP)
31
29
27
25
23
21
19
17
15

HistoricalAverage

Source:CBOEstimate

ObamaAdministrationFY2010Budget

MedicaresUnfundedLiability
(O
75 Y
)
(Over75Years)

(inTrillionsofDo
ollars)

60

$48 Trillion
$48Trillion

50
40
30
20

$36 Trillion
$36Trillion
PerHouse
HoldBurden:
$317 700
$317,700

PerHouse
HoldBurden:
$421 402
$421,402

10
0

Today

2014

ExpandingtheSizeofGovernment
(Government Spending as Percentage of GDP)
(GovernmentSpendingasPercentageofGDP)
60.0

Actual

DemocraticBudgets*

HistoricalAverage

50.0
40.0
30.0
20.0
10 0
10.0

* OutyearsbasedonCBOsLongTermwithrevenueheldat18.3%

2055
5

2050
0

2045
5

2040
0

2035
5

2030
0

2025
5

2020
0

2015
5

2010
0

2005
5

2000
0

1995
5

1990
0

1985
5

1980
0

1975
5

1970
0

1965
5

1960
0

1955
5

1950
0

1945
5

1940
0

0.0

FamilyBudgetvs.GovernmentBudget
((PercentageGrowthRate)
h
)
5
4
3
2
1
0
19932000Avg.Family
Budget

20012008Avg.Family
Budget

*CBOEstimate

201019Avg.Gov't
Spendingunder
President'sFY10Budget*

Tax Cuts for 95% of Americans?

TaxCutsfor95%ofAmericans?
Make WorkPayTaxCredit= $800
$ ,
Impact of Cap and Trade*= +$1,600
ImpactofCapandTrade

NetTax IncreaseperFamily= +$800

*CBOEstimate

10

CapandTrade=1.5MillionJobsLost
(CumulativeJobLossesPerYear)
1,600,000
1,400,000
1,200,000
1,000,000
800 000
800,000
600,000
400,000
200,000
0
2011

2012

2013

2014

2015

11

WhoBearstheTaxBurden?
(Sh
fI
T B d )
(ShareofIncomeTaxBurden)
100

96.1

90

97

2000

2006

80
70

67.3

60

71

50

37.4

40

40

30
20
10

3.9

2.9

0
Bottom50%

Top50%

Top10%

Top1%

LargestTaxIncreasesinAmericanHistory
(inBillionsofDollars)
(
)
600
500

$573

400
300
200

$241

100
0
OmnibusBudgetReconciliationAct
1993

DemocraticBudgetFY2010

(TaxIncreasesover5years)

12

DeficitUnderDemocraticBudgets
(Deficit
Levels in Billions of Dollars)
(DeficitLevelsinBillionsofDollars)
2,000
1,800

RepublicanBudgets

DemocraticBudget

1,600

$Billion
n

1,400
1,200
1,000
800
600
400
200
0

CBOEstimate

13

14

FutureDebtBurden
( b
(DebtHeldbyPublicAsPercentageofGDP)
ld b
bl
f
)
250

Actual
ctua

DemocraticBudgets*
e oc at c udgets

200

150

100

50
Source:CBOEstimate

1940
0
1944
4
1948
8
1952
2
1956
6
1960
0
1964
4
1968
8
1972
2
1976
6
1980
0
1984
4
1988
8
1992
2
1996
6
2000
0
2004
4
2008
8
2012
2
2016
6
2020
0
2024
4
2028
8
2032
2
2036
6
2040
0

* OutyearsbasedonCBOsLongTermProjections

15

MorethanDoublingtheDebtHeldbythePublic
(in
Billions of Dollars)
(inBillionsofDollars)
18,000
16,000
,
14,000
12,000
10,000
8,000
6,000
4,000
2,000

CBOEstimate

201
19

201
18

201
17

201
16

201
15

201
14

201
13

201
12

201
11

201
10

200
09

200
08

200
07

200
06

200
05

200
04

200
03

200
02

200
01

200
00

16

A$2.3TrillionHigherDeficit
(in Billions of Dollars)
(inBillionsofDollars)
2000
1800
1600

CBO:PresidentsFY2010Budget

1400
1200
1000
800
600
400
200

OMB:PresidentsFY2010Budget

0
2008

2009

2010

2011

2012

Source:OMB&CBOEstimate

2013

2014

2015

2016

2017

2018

2019

17

DoublingtheNationalDebt
(Billions
of Dollars)
(BillionsofDollars)
25,000
20,000
15,000
10 000
10,000
5,000

OMBEstimate

201
19

201
18

201
17

201
16

201
15

201
14

201
13

201
12

201
11

201
10

200
09

200
08

200
07

200
06

200
05

200
04

200
03

200
02

200
01

200
00

18

RaisingTaxestoReducetheDeficit?
(PresidentObamasBudget)

PayrollJobs

19

500

300

Pre 2003
TaxRelief

Democrats
ControlCongress

JobsinTThousands

100

100

300

Post 2003
TaxRelief
500

700

Standard&Poors500

20

[StockPriceIndex]
1650
1550
1450
1350

I
Index

1250
1150
1050
950
850
750
650

Post
9/11

Post 2003
TaxRelief

Democrats
ControlCongress

21

EliminatingFederalFamilyEducationLoanProgram
(Job
Losses Impacted by FFELP)
(JobLossesImpactedbyFFELP)
AK
AR
CA
CT
DE
GA
IL
KS
LA

Total:30,082Jobs

MD
MI
MO
MT
ND
NH
NM
NY
OK
PA
SC
TN
UT
VT
WI

500

1000

1500

2000

2500

3000

22

$50MillionfortheNEA

OR
$50MillionforourVeteransforCBOCFacilities

23