The president’s budget counts on economic growth to reach a balance, but his tax cut plan also relies on that growth to remain revenue-neutral. Tax and budget experts say that’s double-counting the same money.
Double-Counting Growth
Issues: budget
Kasich’s Misleading Attack on Christie
Ohio Gov. John Kasich took a swipe at New Jersey Gov. Chris Christie’s governance, saying “we have a balanced budget” but “they don’t over in New Jersey.” The state constitution requires New Jersey to have a balanced budget, and it does.
Obama’s Numbers (July 2015 Update)
As we do every three months, we offer here a fresh update of selected statistical indicators of what has happened since Barack Obama first took the oath of office in January 2009.
Conflating Costs of the ACA
Q: Did the CBO say Obamacare will cost $50,000 for every person who is insured?
A: No. A newspaper calculated the cost at $50,000 per newly insured person. But that’s over 10 years and covers more than just the previously uninsured.
Obama Fudges Facts in Philly
In a speech to House Democrats, President Barack Obama stretched the facts to underscore political points about national security and the improving economy.
Unspinning Christie’s State of the State
In his State of the State address, New Jersey Gov. Chris Christie exaggerated some figures and boasted about progress that doesn’t look so impressive when compared with national trends.
Misleading on Education Cuts in Louisiana
A new ad from Louisiana Sen. Mary Landrieu takes liberties with the facts to make the claim that her opponent, Rep. Bill Cassidy, “voted to cut $86 million from Louisiana schools.”
Obama’s Numbers: July Update
This is another in our series of regular quarterly updates of key statistical indicators of the Obama presidency. Our intent is to provide accurate measures of what’s changed — for better or worse — since Obama first took office in January 2009.
Spinning Obama’s Budget
Both parties are putting political spin on the deficit reduction contained in President Obama’s $3.78 trillion budget plan.
Ted’s Twisted History
In Sen. Ted Cruz’s twisted vision of economic history, Ronald Reagan cured double-digit unemployment by cutting spending and reducing the federal debt, and Jimmy Carter was guilty of “out-of-control regulation.”
In the real world:
Total federal spending soared during Reagan’s deficit-plagued first term, and the national debt nearly doubled. His budget director later resigned and wrote a book criticizing Reagan’s failure to cut spending.
And Carter signed landmark bills freeing airline, railroad and trucking rates from federal regulation,