Turns out the NRA’s logic is BS.  The facts are that from 1994, when the Brady Gun Safety Act went into effect, through 2010, background checks stopped 2,079,000 applications for firearms transfer through licensed firearm dealers.  In 2010 alone, about 73,000 applications were denied by the FBI and about 80,000 by state and local agencies.  47 percent of the FBI denials were because of felony convictions or because the applicant was a fugitive from justice; 31 percent of the state and local denials were to convicted or indicted felons.

Currently, the U.S. ranks number-one in countries with the highest rate of civilian gun ownership per capita, according to the Estimating Civilian Owned Firearms report published by Small Arms Survey  in September 2011. Using a scale of comparison, Americans own more guns than Israelis or Iraqis living in the embattled Middle East. Furthermore, a 2013 Small Arms Survey report stated that between 1986 and 2010, gun manufacturers have produced more than 98 million pistols, revolvers, rifles and shotguns for domestic sale.