Vote Facts Logo
PayPal - The safer, easier way to pay online!

Federal Spending – Fast Facts

All fast facts for Federal Spending are from the non-partisan Congressional Budget Office (CBO), the National Commission on Fiscal Responsibility and Reform (NCFRR), and the Office of Management and Budget (OMB), and the U.S. Government Accountability Office (GAO). They do not represent all of their reports on this subject. Some simply provide historical context. Occasionally minor word adjustments may have been made for clarity or to reflect the updated nature of the statement. As always, verify and view statements in their full context as often as possible.

Deep down, every American knows we face a moment of truth once again. We cannot play games or put off hard choices any longer. Without regard to party, we have a patriotic duty to keep the promise of America to give our children and grandchildren a better life. Our challenge is clear and inescapable: America cannot be great if we go broke. Our businesses will not be able to grow and create jobs, and our workers will not be able to compete successfully for the jobs of the future without a plan to get this crushing debt burden off our backs.   Click here to verify at Preamble 
If the U.S. does not put its house in order, the reckoning will be sure and the devastation severe.   After all the talk about debt and deficits, it is long past time for America’s leaders to put up or shut up. The era of debt denial is over, and there can be no turning back.   Click here to verify at Preamble
Education spending dropped by $17 billion (or 32 percent) in the first half of fiscal year 2012, largely because of a decline in spending from funding provided in the American Recovery and Reinvestment Act.  Click here to verify
April 6, 2012 – The federal government incurred a budget deficit of almost $780 billion in the first half of fiscal year 2012, CBO estimates in its latest—Monthly Budget Review—$53 billion less than the shortfall during the same period last year. A few weeks ago, CBO issued new budget projections for the coming decade; at that time, CBO estimated that the federal deficit will total $1.2 trillion in fiscal year 2012 if no further legislation is enacted that would significantly affect spending or revenues this year.  Click here to verify
Spending for international assistance increased by $4 billion in the first half of fiscal year 2012 (or 50%).  Click here to verify
Pages 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

 

Home
Your Vote
In The News
Search Page
About
Contact
© 2014 VoteFacts LLC, all rights reserved.

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