Sen. Mitch McConnell wrongly claimed President Obama "rejected the only plan the Democrats have proposed" to raise the debt ceiling. That's not true. The White House has explicitly supported the proposal.
The Senate minority leader made the false statement in a July 26 speech on the Senate floor.
McConnell, July 26: Last night the president rejected not just the only proposal that has passed either house of Congress, he rejected the only plan the Democrats have proposed as well —
The president and House speaker restated familiar positions in their dueling debt ceiling speeches, but they took their points too far at times or made them without enough context. …
Ron Paul wrongly suggests Ronald Reagan reluctantly agreed to a "debt ceiling compromise" in 1987. There was no disagreement over raising the debt ceiling. In fact, Reagan said he had "no objection whatsoever" to raising the debt ceiling. Reagan opposed the main provision of the legislation that threatened to impose deep spending cuts, including to the military, if the president and Congress did not reduce the deficit by a certain amount.
Paul, the populist Texas congressman who is running for the Republican presidential nomination,
Sen. Mitch McConnell and Rep. Xavier Becerra made misstatements about the debt ceiling debate and Social Security. McConnell, R-Ky., was incorrect when he claimed that "nobody is talking about not raising the debt ceiling." In fact, Rep. Michele Bachmann said she would not vote to raise the debt limit in her first presidential ad that began airing on Friday.
Becerra, D-Calif., repeated a false Democratic talking point when he claimed that "Social Security hasn't contributed 1 cent to …
Without an increase in the debt ceiling, could Washington avoid default simply by cutting spending? That's what two leading Republicans, Rep. Michele Bachmann and Sen. Jim DeMint, urged over the weekend. What they didn't say is that this would require instant cuts of at least 34 percent in everything but interest payments. And the cuts would be far deeper if Congress exempted popular programs for the elderly, or for defense.
Minnesota Rep. Bachmann, appearing on CBS'