In the Ohio Senate race, Democrat Lee Fisher’s first TV ad of the fall campaign misrepresents Republican Rob Portman’s years in the Bush administration: The ad is wrong when it says […]
Viewers were relatively safe from false or misleading tripe on the Sunday morning talk shows yesterday. But we can’t let a couple of statements go unmentioned, one from Mississippi Gov. […]
Texas Rep. Jeb Hensarling, at a nationally televised meeting of House Republicans in Baltimore, accused President Obama to his face of running up deficits a dozen times greater than the […]
President Obama peppered his State of the Union address to Congress and the nation with facts, which were mostly right but sometimes cherry-picked, strained or otherwise misleading. He said “there are about 2 million Americans working right now” because of last year’s stimulus bill. But his own economic advisers say …
Q: What’s a good source for the U.S.A.’s long-term debt, annual revenues and expeditures, and long-term deficit forecasts?
A: The Congressional Budget Office publishes data on the federal government’s budget – that’s revenues and expenditures, deficits and debt. The Treasury Dept. is the best source for daily debt figures.
Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?
A: Yes to both questions, whether you count Social Security or not.