Tag Archives: defense spending

Is Obama to Blame for Lockheed’s 123,000 ‘Layoffs’?

Q: Is Lockheed Martin going to lay off 123,000 workers because of President Obama’s downsizing of the military? A: No. Lockheed gave a “very rough” estimate of 10,000 potential layoffs (not 123,000) due to automatic spending cuts triggered by a 2011 bipartisan deficit-reduction bill. Obama and Congress are negotiating to …
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Obama Inflates Defense ‘Cut’

President Obama's claim "that we've already cut" $400 billion in defense spending is misleading. The president was referring to a Defense Department report that identified $178 billion in "efficiencies" over five years — which the administration says will save $400 billion over 10 years. But only $78 billion of the …
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Schumer Exaggerates Proposed Defense Cuts

Democratic Sen. Charles E. Schumer of New York exaggerated Defense Secretary Robert Gates’ plan to cut military spending during an exchange with Bob Schieffer on “Face the Nation.” Schumer criticized a group of conservative Republicans for proposing a bill to cut non-defense federal spending by $2.5 trillion through fiscal year 2021: …
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Pesky Proper Nouns

Out on the campaign trail, John McCain has been criticizing Barack Obama for proposing cuts in defense spending. But his criticism relies on a potentially misleading quote. And we found that McCain is dinging Obama for reducing spending on a program that McCain plans to eliminate entirely. CNN and MSNBC …
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Ben & Jerry’s Misleading Spending Chart

Q: What about Ben & Jerry's chart saying 50% of federal spending is military? A: Not true. The real figure is 19.4%.

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