President Barack Obama misrepresented the House Republicans’ budget plan at times and exaggerated its impact on U.S. residents during an April 13 speech on deficit reduction. Obama claimed …
Issues: deficit
Stockman’s Fiery Rhetoric
David Stockman claims that discretionary spending is "out of control." But it’s up just 1.6 percent this year.
The former Reagan administration budget director caught our attention with an incendiary quote to The Fiscal Times news site, where he urged fellow Republicans to shut down the government if necessary to achieve spending reductions:
David Stockman: It’s time for the Republicans to man-up and let it burn! Discretionary spending is out of control, and if the GOP doesn’t force a big roll-back,
Our Angry Readers
We’d like to respond to readers who disliked our article on Social Security’s red ink.
We’ve received dozens of complaints and criticisms, expressing disappointment and sometimes outright anger at our finding that Social Security is in fact contributing to the federal deficit, and that some Democrats are making a false claim when they assert it doesn’t contribute "one penny." ("Democrats Deny Social Security’s Red Ink," Feb. 25.)
Readers accused us variously of being stupid, ignorant, misleading,
Democrats Deny Social Security’s Red Ink
Some senior Democrats are claiming that Social Security does not contribute “one penny” to the federal deficit. That’s not true. The fact is, the federal government had to borrow $37 billion last year to finance Social Security, and will need to borrow more this year.
A ‘Budget-Busting’ Law?
The nonpartisan Congressional Budget Office states that repealing the health care law would worsen the federal deficit over the next 10 years — by $230 billion. So how does …
Pelosi Pablum on ‘Fiscal Discipline’
In a Nov. 9 opinion piece for USA Today, House Speaker Nancy Pelosi presented a lengthy list of Democratic accomplishments since assuming control of the House and Senate in January 2007 — including "restoring fiscal discipline to the Congress." That one stopped us.
The fact is the federal government ended fiscal year 2009 with a $1.4 trillion deficit — the highest deficit as a share of the gross domestic product since 1945. And it only dipped slightly to $1.3 trillion in the fiscal year that just ended on Sept.
Sunday Replay
Pity the poor politicians and spinmeisters who had to don suits in the middle of a long weekend and populate the talk shows. They were up to their usual tricks, though: One Republican operative wrongly implied a crime by the White House; several guests talked about the debt or deficit in ways that were deceptive; and a House incumbent made the jobs picture under President Obama sound better than it is in reality.
Obama ‘Enemies List’
Sunday Replay
Sunday morning’s talkathons featured a few misstatements in a debate between Kentucky’s Senate contenders, and some confusion about debts and deficits.
Kentucky Senate Candidates Debate
"Fox News Sunday" hosted a debate between Kentucky Senate candidate Rand Paul, a Republican, and his Democratic opponent, Jack Conway.
Paul’s statements about the economic and citizenship status of the country’s uninsured population were false:
Paul: Well, there are two aspects to health care problems. One’s the expense and one’s access.
Bush Years Revisited in Ohio Senate Race
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 Portman, as President George W. Bush’s "trade czar," was responsible for "sending 100,000 Ohio jobs overseas." The 100,000 lost jobs occurred over six years, from 2001 to 2007, but Portman was U.S. trade representative for only one year, from May 2005 to May 2006.
The ad also blames Portman,
Sunday Slips
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. Haley Barbour and a couple from Rep. Michele Bachmann of Minnesota; both officials are Republicans.
Barbour, speaking on CNN’s "State of the Union" with Candy Crowley, said:
Barbour, April 11: I mean, [Obama] has proposed a $3.8 trillion budget with a $1.6 trillion deficit. The whole budget in 1997 —