Is President Obama’s spending an “inferno,” as Mitt Romney claims, or a binge that “never happened” as an analysis touted by the White House concluded? We judge that both of those claims are wrong on the facts. The truth is that the nearly 18 percent spike in spending …
Issues: government spending
Romney’s ‘Fiscal Conservative’ Whopper
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.
Romney vs. Santorum: A Misleading Contrast
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,”
Did Gingrich ‘Slash’ Federal Spending?
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,
Junkie Math
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,
‘Spenditol’ Silliness
A conservative Christian group makes some wildly improbable claims about government spending in a satirical ad targeting Democrats.
The ad mimics the format of spots for prescription drugs, touting "Spenditol" as a cure for the "chronic pain" of rising gasoline and food prices and unemployment worries. While we do get the joke, and hate to be killjoys, we are obliged to note that the ad strays from the facts here and there. It claims that the 2009 stimulus law "didn't create jobs"
Fiscal FactCheck
Washington’s spending has recently been higher as a percentage of the nation’s economic output than at any time since World War II. But by the same measure, Washington’s revenues are the lowest in more than 60 years. …
Deficit Arithmetic: Cut Everything 34% Now?
Without an increase in the debt ceiling, could Washington avoid default simply by cutting spending? That's what two leading Republicans, Rep. Michele Bachmann and Sen. Jim DeMint, urged over the weekend. What they didn't say is that this would require instant cuts of at least 34 percent in everything but interest payments. And the cuts would be far deeper if Congress exempted popular programs for the elderly, or for defense.
Minnesota Rep. Bachmann, appearing on CBS'
DCCC, Crossroads Usher in 2012 Campaign
Less than a month after the new Congress convened, House Democrats and a conservative outside group traded accusations (some bogus, some not) in the first ads of the 2012 campaign. The Democratic Congressional Campaign Committee started …
Geithner’s GDP Whopper
Treasury Secretary Timothy Geithner made a false claim about the size of government spending being proposed by the Obama administration.
On NBC’s "Meet the Press" July 25, he said the president is proposing spending "as a share of our economy" that is "lower" than it was during the Bush administration and "comparable" to what it was under Ronald Reagan. Neither claim is true.
The administration’s own estimates project spending next year that is higher as a percentage of the economy than in any year since the end of World War II.