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FactCheck Mailbag
FactCheck Mailbag, Week of May 7-13.
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2012 Players Guide
Tag Archives: deficit
Reid Twice Wrong on $2.6 Trillion ‘Cuts’
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 to applied to both security and non-security spending. Furthermore, a good chunk of the deficit reduction came from tax increases, …
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Obama’s Deficit Dodge
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 nearly $5.2 trillion. Obama signed two bills — the 2009 stimulus and the 2010 tax cut — that alone cost …
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Ryan’s VP Spin
TAMPA, Fla. — Paul Ryan’s acceptance speech at the Republican convention contained several false claims and misleading statements. Delegates cheered as the vice presidential nominee: Accused President Obama’s health care law of funneling money away from Medicare “at the expense of the elderly.” In fact, Medicare’s chief actuary says the …
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Did Gingrich ‘Slash’ Federal Spending?
Winning Our Future’s new TV ad falsely claims Newt Gingrich “slashed” spending in his four years as House speaker. Federal spending went up 18 percent from 1995 to 2000, the time frame mentioned in the ad. In addition, the ad credits Gingrich for “record-breaking surpluses.” There were surpluses for four …
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Junkie Math
All sides agree that the federal government borrows too much, so why exaggerate? In the latest example, a national TV ad shows an actor portraying a drug addict and claiming that the U.S. is borrowing 41 cents of every dollar spent, which isn’t true. As shown in this chart, which …
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Fiscal FactCheck
Washington’s spending has recently been higher as a percentage of the nation’s economic output than at any time since World War II. But by the same measure, Washington’s revenues are the lowest in more than 60 years. …
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Twists and Turns on the Debt
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 …
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Posted in The FactCheck Wire
Tagged debt ceiling, deficit, Mitch McConnell, Social Security, Xavier Becerra
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