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Obama’s future of $5 trillion dollar budgets?

Welcome to VoteFacts.  According to the Romney campaign,

"President Obama’s fiscal year 2012 budget places the nation on a trajectory that will increase federal spending over the next ten years, leading it past the $4 trillion threshold in 2015, the $5 trillion mark in 2019, and on its way to $5.8 trillion by 2021—approximately twice its level when he took office."

Before we get into those budget facts, it needs to be said that President Obama's fiscal year 2012 budget is not law. Therefore, it is not going to place the nation on any specific trajectory.  It can only be said that the president's budget "would have" done and of these things, had it been passed.  In fact, the congress has rejected all of the budgets submitted by the Obama Administration.

 It also needs to be said that the Romney camp was speaking about President Obama's budget for 2012. (The President has submitted a budget for FY 2013 as well.)   Here is what the Congressional budget office has to say about President Obama's FY 2012 budget   

(Click table to enlarge.  Click back button to return to post)



The Congressional Budget Office projected that The President's budget would lead to a federal spending level of $5.2 trillion dollars by 2019, about $52 billion more than what they projected in their baseline for that year, and nearly $5.8 trillion by 2021.  CBO Report, Page 4

So, is that $5.8 trillion approximately twice its level when he took office?  Let's look.  According to the numbers from the Office of Budget and Management Table, spending in 2008, the year before Barack Obama took office, was:

• $2.982 trillion

So spending would have gone from $2.98 trillion to $5.75 trillion.  You have seen the numbers. You've seen the facts. So tell us what you think.  Is it a fact, or is it fiction, that President Obama's fiscal year 2012 budget upped spending past $4 trillion and on its way to the $5.8 trillion dollar mark by 2021?

If you want a closer look at The President's aforementioned fy 2013 and other budgets  , here are some  links. (Shameless self-promotion) 

The Obama plan is the same as what worked under Clinton

President Obama’s budget proposal last year would have stopped the credit card running up

The president’s budget at the White House website is a serious plan for tackling the deficit The Obama Administrations 2012 budget proposal meets the critical test of restoring our deficits to a more sustainable position

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Would President Obama's 2012 budget have placed the nation on a trajectory for a $5 trillion dollar federal spending budget by 2019?
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Voting Key


Fact = 100% - 92% True
Mostly Fact = 91% - 75% True
Slightly Fact = 74% - 60% True
Split = 59% - 50% True
Slightly Fiction = 49% - 30% True
Mostly Fiction = 29% - 10% True
Fiction = 9% - 0% True