$45.1 Trillion: Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021.
$24.0 Trillion: Projected Federal Debt In 2021 Due To Obama’s Binge Spending. (OMB, 9/1/11)
$14.9 Trillion: Current National Debt. (U.S. Treasury Department, Accessed 10/5/11)
$9.1 Trillion: Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2021.
$6.4 Trillion: Cumulative Deficits Caused By President Obama’s Deficit Reduction Proposal. (OMB, 9/19/11)
$5.2 Trillion: Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2012-2021. (OMB, 9/1/11)
$4.2 Trillion: Added To The National Debt Since Obama Took Office. (U.S. Treasury Department)
$2.6 Trillion: True Cost Of ObamaCare Once Fully Implemented. (Office Of The Speaker Of The U.S. House)
Transcripts for MSNBC PoliticsNation 20200530 21:02:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
ripples of relief spread from europe across the world market. a deal has been reached to tackle the e.u. financial crisis. european leaders have agreed to expand the e.u. bailout fund while private sectors will take a 50% loss on greek bonds. the european agreement translated into a huge day for u.s. stocks. let s go to alison kosik at the new york stock exchange. the closing bell just rang. how did stocks finish? we don t know the final number, but we know it s very positive. it is. the numbers are settling. we re seeing the dow up 340 points. the nasdaq s&p up more than 300%. the bulls busted out of the opening bell and never looked back. this is what investors have been waiting for. these debt problems plaguing greece. and besides plugging greece s debt hole, this plans to safeguard against future shocks. it s a step forwards in instilling stability in the marketplace. being there is such a powerful positive reaction, do investors see this as a done deal? is this crisi
virginia. and elijah cummings, the former chair of the black caucus and analysis, and chris jeff free lund of digital. i am candy crowley, and this is state of the union. what a difference a year makes, or not so much. last year at this time, president obama was vacationing on martha s vineyard, and that s where he is today. last year he said a year and a half ago the economy was shrinking rapidly, and the economy is now growing. this year he is saying america will come back from this recession stronger than before. that i am convinced of. unemployment was above 9% in 2010, and a year later it still is. more say the economy is getting worse. joining me from michigan, senior obama campaign strategists, david axelrod. thank you for being here. i want to ask you first sure, candy. the president is going to have the new jobs plan and a stimulus that is coming up in september, he s going to announce it. tell us what you know about that, and in particular when w
there should be more success stories to point to since most of the recovery act money hasn t been dolled out, but for millions of americans unemployed, they re certainly up against the clock. our thanks to sandra there. we are putting that recovery act under the micro scope. let s keep talking about money, including the kind youf got to pay the government. that s right. tax time. april 15th, the deadline. if you ve been out of work, you won t be off the hook here. if you ve collected unemployment benefits, you still have to pay some back in taxes. bonnie deutsche, known as the tax lady, she s with us this morning. we love the idea of saving money. i m going to throw a bunch of different questions at you, but