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.
Senate Democratic leaders, under pressure from Republicans to cut the budget, have been misleading the public by claiming they already have "cut" spending by $41 billion.
The fact is that the Democrats haven’t "cut" any spending. Congress hasn’t passed a budget for fiscal year 2011, and the nonpartisan Congressional Budget Office says federal spending continues to rise.
First a little background: House Republicans passed legislation in the early morning of Feb. 19 that would fund the federal government for fiscal year 2011.
On this week’s Sunday talk shows, we found false claims on the debt, discretionary spending, foreign-funded attack ads and polling data.
Wrong on Debt
On ABC’s "This Week," Senate Republican Leader Mitch McConnell made a false claim about the federal debt — a claim that we debunked in January, when Virginia Gov. Bob McDonnell, a Republican, made a similar statement. The debt situation has worsened since then, but not enough to make this GOP talking point true.