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Q: How much has the federal debt gone up under Obama?
A: During his first three years in office, it rose $4.7 trillion, an increase of 45 percent. Partisan graphics circulating via email and Facebook are both incorrect.
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Tag Archives: presidential debate
More on that $860 billion
McCain said that Obama has proposed $860 billion in new spending. That’s based on a McCain campaign estimate of how much Obama’s new proposals will cost, without figuring in any savings or reductions in spending. Any increase in funding and any created program counts as “new spending” in this estimate, …
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Health Care Fines for Small Businesses?
McCain said that Obama’s health care plan would mandate that “small businesses” provide coverage for their employees and would fine them if they failed to do so. Actually, Obama’s health care plan, posted on his Web site, says: “Small businesses will be exempt from this requirement.” McCain previously used this …
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Posted in The FactCheck Wire
Tagged health care, presidential debate, small businesses
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Obama 68 Million Acre Boast
Obama was off the mark when he said that oil companies have “68 million acres that they’re not using.” As we’ve pointed out previously, those 68 million acres of land are not producing oil, but they are not necessarily untouched. In fact, in 2006, the last year for which figures …
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Dubious Health Savings Claim
Obama said that his health care plan would cut costs, saving $2,500 a year per family. When we asked health care experts about this claim earlier this year, they were quite skeptical. M.I.T.’s Jonathan Gruber told us, “I know zero credible evidence to support that conclusion.” Obama has also said …
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Counting Errors
McCain said that Obama had voted 94 times for higher taxes or against tax cuts. He’s getting warmer — the first time we dinged him for this one, he said Obama voted 94 times to increase taxes, which is way off. This is still misleading, though. The real breakdown includes: …
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Posted in The FactCheck Wire
Tagged alternative energy, presidential debate, tax cut, taxes
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McCain’s $6.8 Billion Boast
McCain repeated a questionable boast when he said, “I saved the taxpayers $6.8 billion” by reining in a defense contract. As we mentioned in our analysis of the first debate, there is more to the story. McCain certainly did lead a fight to kill the contract, and the effort ended …
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Posted in The FactCheck Wire
Tagged military, presidential debate, spending, spending cuts
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Earmark Numbers
Obama’s right about earmark amounts. According to the budget watchdog group, Taxpayers for Common Sense, earmarks totaled just $18.3 billion in 2008. Citizens Against Government Waste came in with a slightly smaller number of $17.2 billion, and the Office of Management and Budget smaller still at $16.9 billion.
The Return of the Oil Slick
McCain accused Obama of voting for a “Bush and Cheney” energy bill that gave away billions to oil companies. McCain is referring to the Energy Policy Act of 2005, which Obama did in fact vote for. Sen. Clinton raised this same charge against Obama during the Democratic primaries. It was …
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Obama Still Wrong about $79 Billion Figure
Again tonight Obama said that the U.S. was paying too much for the war in Iraq, while the Iraqis have a “$79 billion surplus.” As we’ve pointed out when Obama said it on the campaign trail, when he repeated it at the last debate, and even when Biden mentioned the …
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Pakistan Attack
McCain charged that Obama has said he would “attack Pakistan.” What he really said, on Aug. 1, 2007, was: “It was a terrible mistake to fail to act when we had a chance to take out an al Qaeda leadership meeting in 2005. If we have actionable intelligence about high-value …
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