Income, Poverty, Spending and Obamacare: Our regular update of the statistical record.
A super PAC backing Sen. Thad Cochran in the Mississippi GOP primary falsely claims state Sen. Chris McDaniel has “the worst attendance record in the state Senate,” and exaggerates the importance of votes he missed.
Q: Who are the holders of U.S. debt?
A: The biggest are the Social Security trust funds (16 percent), the Federal Reserve banks (12 percent), China (8 percent), Japan (7 percent) and mutual funds including money-market funds (6 percent).
President Obama says failing to raise the debt limit will “force the United States to default on its obligations.” Sen. Rand Paul contends “there’s no reason for us to default.” Who’s right?