8/14/2019 House Budget Committee Charts

1/7

Democrats Have a Proven Record

$400

Budget Deficits/Surpluses in Billions

$0

$200

$200

$600

$400

Reagan Bush I Clinton Bush II

$800

House Budget Committee

$1,000

8/14/2019 House Budget Committee Charts

2/7

g

Republicans Lack Credibility on Fiscal

$6.3 Trillion

De t He y t e Pu c

Nearly Doubled under Bush Administration

$3.4 Trillion

House Budget Committee

2000 2001 2002 2003 2004 2005 2006 2007 2008

Source: U.S. Treasur 01/06/2009

8/14/2019 House Budget Committee Charts

3/7

8/14/2019 House Budget Committee Charts

4/7

Democrats Turn Around

100

Jan08 Mar 08 May 08 Jul08 Sep 08 Nov08 Jan 09 Mar 09 May 09 Jul09 Sep 09 Nov09

Bush Administration Obama Administration

72

4

85100

0

144122

160137161

128175

154139

300

200

321380

463

500

400Monthly change in nonfarm payrolls(thousands)

597

652

519

700

600

House Budget Committee

741800

Source: Bureau of Labor Statistics non farm payrolls, U.S. Department of Labor. 1/4/2010

8/14/2019 House Budget Committee Charts

5/7

Economy Swings Back to

Actual and Projected Annualized GDP Growth by Quarter

2.2

4.02.9 2.8 2.9 3.0

3

5

D P

Blue Chip Forecast

n l a b o r f o r c e

.1

C h a n g

e i n R e a l G

c e

n t o f c i v i l i a

0.7

0.73

1

n u

a l i z e d P e r c e n t

P e

.

5.45

A

House Budget CommitteeSource: Bureau of Economic Analysis, January Blue Chip Economic Indicators Survey

01/13/2010

6.47 08I 08II 08III 08IV 09I 09II 09III 09IV 10I 10II 10III 10IV

8/14/2019 House Budget Committee Charts

6/7

Retirement Accounts Recovering

Bush Administration Obama Administration$8.0 $7.9

$7.4$7.7

$7.5

$8.0

i l l i o n s )

RetirementAccounts Are

Up

i a n

l a b o r

.

6.6

$7.0

s a c c o u n t s ( t .

(+30%)Since Q1 2009

P e

r c e n

t o

f c

i v i l

f o r c e

$6.2

$5.9$6.0

$6.5

r e m e n t s a v i n

$5.5

V a l u e o f r e t i

House Budget CommitteeBased on data from the Federal Reserve and estimates from the Urban Institute

01/20/2010

$5.0Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009

8/14/2019 House Budget Committee Charts

7/7

Recovery ActCBO estimates that in the third quarter of calendar

CBO projects that [the Recovery Act] will increase

,

600,000 to 1.6 million people were employed in the United

. .

percent during the first half of 2010, 1.2 to 3.8 percent

States

Congressional Budget

Office

in the second half

Congressional Budget

Office

I dont think its an accident that the economy has

time the stimulus is providing its maximum economic impact.

House Budget Committee

ar an , oo y s conomy.com