Tag Archives: spending cuts

Dueling Fiscal Cliff Deceptions

A fog of misinformation has settled on the fiscal cliff, as both House Speaker John Boehner and Treasury Secretary Timothy Geithner have traded conflicting, misleading and false statements in recent days on the president’s deficit-reduction plan: Geithner falsely claimed on “Fox News Sunday” that the president’s proposals to slow Medicare …
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Biggest Budget Cut in U.S. History?

Democrats and Republicans alike are making grandiose — and unsupportable — claims that the budget deal contains the biggest spending cut in U.S. history. Under the bipartisan agreement, the proposed budget for this fiscal year would be $38.5 billion less than last year’s budget. The federal government spent nearly $3.5 trillion …
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Making Ends Meet

Sen. Barack Obama has said several times that he has proposed cuts that pay for “every dime” of his spending proposals, a claim we’ve called “misleading.” The nonpartisan Tax Policy Center’s analysis, for one, found that “without substantial cuts in government spending” Obama’s plan – and McCain’s, too – “would …
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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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