In recent speeches, President Obama has repeatedly claimed that “our deficits are falling at the fastest rate in 60 years.” That’s not true.
House Speaker John Boehner tweets that the Obama administration is spending $1.2 million “paying people to play video games.” That’s misleading. The government did pay $1.2 million for university research […]
Sen. Harry Reid was doubly wrong when he claimed that Congress already has cut $2.6 trillion from projected future deficits by reducing “non-defense programs” alone. In fact, legislation he refers […]
Using a more accurate cost-of-living adjustment for federal benefit payments and tax brackets would cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Economists generally agree …
The U.S. faces the possibility of another recession — the third in 11 years — if President Obama and Congress cannot find a way to avoid the so-called fiscal cliff. The one-two combination of massive tax increases and spending cuts …
In press conferences on the so-called fiscal cliff, House Speaker John Boehner greatly exaggerated the negative effect on the economy of raising taxes on upper-income individuals. Boehner erred when he […]
In dueling ads, the Obama and Romney campaigns claim the factual high ground on deficits and taxes while, ironically, distorting the facts. An Obama ad uses a truncated quote that […]
President Obama is falsely claiming that his administration’s policies are responsible for “about 10 percent” of the deficits “over the last four years.” The cumulative deficit during that time is […]