Obama’s Arithmetic(Idiot version of the 2012 Federal Budget)

• Income= $ 100

• Expenses= $ 154o Health- $ 34.33

o Social Security- $ 31.59

o War- $ 29.06

o Food stamps and tax credits- $ 23.52

o Interest on credit card- $ 9.12

o Other- $ 26.38

• Oops, I spent too much; credit cards= $ 54o China, Pay Day Lending= $ 11.61

o Japanese Credit Card Inc.= $ 11.28

o ULoveOil Lending Co. (owned by Venezuela, Iran, Libya etc.)= $ 2.65

o Other Credit Cards= $ 28.46

Research by Bishan Abeysekera using Treasury Dept, and Government Budget Data

Obama’s Arithmetic

(The Real 2012 Budget Numbers)

• Income (Taxes etc.)- $ 2.45 trillion

• Expenses- $ 3.8 trilliono Health (Medicare/Medicaid etc.)- $ 846.1 billiono Social Security- $ 778.6 billion

o National Defense- $ 716.3 billion o Income Security*- $ 579.6 billiono Net Interest- $224.8 billiono Other- $ 749.1 billion

• 2012 Federal Budget Deficit- $ 1.33 trillion

• Total National Public Debt- $ 16 trillion

• Countries that hold US debt as of July 2012-o China- $ 1.15 trilliono Japan- $1.12 trillion

o Oil Exporters (Saudi Arabia, Venezuela, Iran, Libya etc.)- $ 262 billiono Others- $ 2.82 trillion

* Unemployment, Food stamps, Making work pay etc.

Research by Bishan Abeysekera using Treasury Dept, and Government Budget Data

Sources• http://www.treasury.gov/resource-center/data-

chart-center/tic/Documents/mfh.txt

• http://en.wikipedia.org/wiki/2012_United_States_fed

eral_budget