Jobs, Profits, Guns & Health Insurance: Our Regular Update of the Statistical Record
Senate Republican Leader Mitch McConnell twisted some fiscal facts in his appearances on the Sunday talk show circuit:
McConnell said the Obama administration has “driven spending as a percentage of our economy from 21 percent up to almost 25 percent.” But it was already projected to be almost 25 percent — actually 24.9 percent — in fiscal year 2009 even before Obama took office.
He also said “99 percent of Americans will not see their taxes go up”
Mitt Romney says, “If you want a fiscal conservative, you can’t vote for Rick Santorum, because he’s not.” Really? Three fiscally conservative groups rate Santorum’s lifetime voting record as better than most other Republican lawmakers, and one of them considers him a “Taxpayer Hero.”
Romney is on paper-thin ice with his new line of attack against his surging rival.
Santorum is a “hero” to the anti-pork Citizens Against Government Waste — which gives him a lifetime voting record better than three-fourths of the senators with whom he served in his final year in Congress.
Pro-Romney forces are looking beyond Michigan, hammering Rick Santorum in four other states with a new TV ad making some misleading claims.
The ad claims Mitt Romney turned around Massachusetts’ finances without raising taxes, when in fact he raised hundreds of millions in new government “fees” when he was governor.
It also rehashes a boast that Romney issued 800 vetoes, but fails to mention that more than 700 were overridden.
It attacks former Sen. Santorum for “voting for billions in waste,”
Winning Our Future’s new TV ad falsely claims Newt Gingrich “slashed” spending in his four years as House speaker. Federal spending went up 18 percent from 1995 to 2000, the time frame mentioned in the ad.
In addition, the ad credits Gingrich for “record-breaking surpluses.” There were surpluses for four straight years — from fiscal years 1998 through 2001 — but Gingrich already had left Congress in January 1999. The largest of those surpluses came in fiscal year 2000,
All sides agree that the federal government borrows too much, so why exaggerate? In the latest example, a national TV ad shows an actor portraying a drug addict and claiming that the U.S. is borrowing 41 cents of every dollar spent, which isn’t true.
As shown in this chart, which we’ve produced from the most recent official figures from the Congressional Budget Office, the true figure was 36.1 cents of every dollar for fiscal year 2011,