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Latest Fact-Checks In Deficit

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Joe Biden
Joe Biden
stated on August 29, 2023 in a speech at the White House:
“According to the Congressional Budget Office,” the Inflation Reduction Act “will save the federal government $160 billion over the next 10 years because Medicare will be paying less for the prescription drugs they’re making available to seniors.”
Mostly True
By Louis Jacobson • August 31, 2023
Devin LeMahieu
Devin LeMahieu
stated on January 3, 2023 in Senate address:
"In 2010, (Wisconsin Republicans) inherited a multi-Billion dollar deficit … Today we are looking at a projected surplus approaching 7 Billion."
Mostly True
By Vanessa Swales • February 3, 2023
Joe Biden
Joe Biden
stated on October 6, 2021 in remarks at the White House:
“Raising the debt limit is paying our old debts. It has nothing to do with new spending.”
Mostly True
By Louis Jacobson • October 13, 2021
X posts
X posts
stated on July 23, 2019 in a tweet:
"Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion."
Mostly True
By Daniel Funke • July 29, 2019
Joe Scarborough
Joe Scarborough
stated on September 11, 2018 in a newspaper column:
"President Trump’s Republican Party will create more debt in one year than was generated in the first 200 years of America’s existence."
Mostly True
By Louis Jacobson • September 12, 2018
Rand Paul
Rand Paul
stated on February 8, 2018 in a Senate floor speech:
"George W. Bush doubled the debt from $5 trillion to $10 trillion. President Obama doubled the debt from $10 trillion to $20 trillion. Now we're on course to exceed $30 trillion in the next seven years or so."
Mostly True
By Louis Jacobson • February 9, 2018
Ron Johnson
Ron Johnson
stated on June 26, 2017 in an op-ed in the New York Times:
"We are $20 trillion in debt. The Congressional Budget Office projects an additional $129 trillion of accumulated deficits over the next 30 years."
Mostly True
By Louis Jacobson • June 30, 2017
Mike Pence
Mike Pence
stated on October 4, 2016 in the 2016 Vice Presidential debate:
Says Tim Kaine "actually tried to raise taxes by about $4 billion." 
Mostly True
By Warren Fiske • October 5, 2016
Hillary Clinton
Hillary Clinton
stated on September 26, 2016 in a Presidential debate:
Says Donald Trump once suggested that he "would try to negotiate down the national debt."
Mostly True
By Amy Sherman • September 27, 2016
Mike Pence
Mike Pence
stated on July 20, 2016 in a speech at the Republican convention:
"We in Indiana have . . . the highest credit rating in the nation."
Mostly True
By C. Eugene Emery Jr. • July 21, 2016
Ben Carson
Ben Carson
stated on April 20, 2016 in a Fox Business interview:
"Andrew Jackson was the last president who actually balanced the federal budget, where we had no national debt."
Mostly True
By Lauren Carroll • April 21, 2016
Jeb Bush
Jeb Bush
stated on February 5, 2016 in a column posted on Medium.com:
"Barack Obama will somehow manage to add more than $8 trillion to the national debt, which is more debt than the 43 presidents who held office before him compiled together."
Mostly True
By Louis Jacobson • February 18, 2016
Barack Obama
Barack Obama
stated on January 12, 2016 in the State of the Union address:
We have cut "our deficits by almost three-quarters."
Mostly True
By Louis Jacobson • January 13, 2016
Barack Obama
Barack Obama
stated on October 2, 2015 in a press conference:
Today, the deficit is "below the average deficits over the past 40 years."
Mostly True
By Louis Jacobson • October 6, 2015
Rand Paul
Rand Paul
stated on July 17, 2015 in a campaign rally in Houston:
"We borrow a million dollars every minute."
Mostly True
By Lauren Carroll • July 21, 2015
Barack Obama
Barack Obama
stated on July 2, 2015 in a speech:
"We've cut the deficit by two-thirds."
Mostly True
By Tom Kertscher • July 8, 2015
Patricia Morgan
Patricia Morgan
stated on May 27, 2015 in a news conference:
The Convention Center "was sold as a building that would never cost taxpayers a dime."  
Mostly True
By Mark Reynolds • June 7, 2015
Barack Obama
Barack Obama
stated on January 20, 2015 in his 2015 State of the Union address:
We've seen "our deficits cut by two-thirds."
Mostly True
By Katie Sanders • January 21, 2015
Ernest Almonte
Ernest Almonte
stated on October 5, 2014 in an interview on WLNE's "On the Record":
"I was speaking out on pension reform almost 17 years ago."
Mostly True
By C. Eugene Emery Jr. • October 20, 2014
Barack Obama
Barack Obama
stated on October 2, 2014 in a speech at Northwestern University:
The cost of "health care is now the single-biggest factor driving down" the federal budget deficit.
Mostly True
By Lauren Carroll • October 8, 2014
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