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Latest Fact-Checks In Deficit

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Joe Biden
Joe Biden
stated on August 29, 2023 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 a speech
"We've cut the deficit by two-thirds."
Mostly True
July 8, 2015
Patricia Morgan
Patricia Morgan
stated on May 27, 2015 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 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 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 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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