Several Democrats have claimed that the president’s emergency declaration could “raid” or “take money away” from military pay and pensions to fund construction of the border wall. But the money is actually leftover funding due to lower-than-expected recruits and fewer early retirements.
Sen. Dick Durbin incorrectly claimed that the U.S. borrows money "primarily from China" to fund the federal government. China owns about 8 percent of the total U.S. debt.
The Illinois Democrat made the claim during a June 19 interview on NBC's "Meet the Press."
Durbin, June 19: Keep in mind, for every dollar we spend in Washington, we borrow 40 cents, primarily from China, our major competitor in the world.
Durbin is largely correct that the U.S.
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 in 2010, so the cut is a little more than 1 percent of total spending.
President Barack Obama called it "the biggest annual spending cut in history."