Chairman Murray’s Budget By The Numbers
March 22, 2013
For Immediate Release
Contact: Stephen Miller,
Andrew Logan: 202.228.0575
Chairman Murray’s Budget By The Numbers
Plan Enriches The Bureaucracy At The Expense Of The People
$7.3 trillion ––––– Total new, gross federal debt
$191,000 –—–––– Debt per household by 2023, up from $140,000 this year
62 percent –––––– Total spending increase over 10 years, from $3.6 trillion this year to $5.7 trillion in 2023
$162 billion –––— Spending increase next year alone
0 ——————–– Actual spending reductions
80 percent ——–– Growth in welfare and means-tested support spending
$645 billion —––– Spending increase above projected growth
$46.4 trillion —–– Total spending over the next 10 years
$1.5 trillion ——– New taxes proposed
$4 trillion ––—––– Deficit accumulation higher than the House Republican budget
Never –––—––––– Date the budget balances
853,000 ––––—–– Average jobs lost every year for the next decade as a result of the economic harm caused by this budget
$1.9 trillion —––– Total lost after-tax income
$1,512 –––––—–– Household income lost per year
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