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Latest Fact-Checks In Deficit

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Bobby Scott
Bobby Scott
stated on August 1, 2011 a news release.
"The estimated savings of this (debt ceiling) deal only pay for half of the cost of extending all of the Bush-era tax cuts for another decade."
True
By Sean Gorman, Warren Fiske • August 29, 2011
Rob Portman
Rob Portman
stated on August 10, 2011 a news release
U.S. debt is "now equal to 100 percent of the GDP."
Mostly True
By Stephen Koff • August 18, 2011
Michele Bachmann
Michele Bachmann
stated on August 11, 2011 a debate in Ames, Iowa
When Standard & Poor's "dropped our credit rating, what they said is, we don't have an ability to repay our debt. ... I was proved right in my position" that the debt ceiling should not have been raised.
False
By Angie Drobnic Holan • August 12, 2011
Ron Paul
Ron Paul
stated on August 11, 2011 in a debate in Ames, Iowa
"The country's bankrupt." 
False
By Becky Bowers • August 12, 2011
Adam Hasner
Adam Hasner
stated on August 8, 2011 a news release
"George LeMieux voted against the majority of Republicans and joined with Democrats to create a 'Task Force For Responsible Fiscal Action' that looks strikingly similar to the 'Super Committee' now being set up in Washington to justify massive tax hikes."
Half-True
By Becky Bowers • August 10, 2011
Jim DeMint
Jim DeMint
stated on August 3, 2011 an interview with "The State" newspaper
The debt-ceiling bill "doesn’t cut the debt. It will add about $7 trillion in new debt over the next 10 years."
Mostly False
By Louis Jacobson • August 8, 2011
Tom Coburn
Tom Coburn
stated on July 24, 2011 an interview on NBC's "Meet the Press"
"The government's twice the size it was 10 years ago. It's 30 percent bigger than it was when (Barack) Obama became president."
Half-True
By Louis Jacobson • August 5, 2011
Randy Forbes
Randy Forbes
stated on July 25, 2011 an opinion column.
"As a percentage of our gross domestic product, the defense budget remains just 3.6 percent. This figure is low by all historical standards."
Mostly True
By Sean Gorman • August 5, 2011
Jennifer Granholm
Jennifer Granholm
stated on July 31, 2011 an interview on NBC's "Meet the Press"
"I cut more as a percentage out of government than any state in the country this past decade. And where is Michigan in terms of its economic growth? Cutting did not result in economic growth."
Mostly True
By Louis Jacobson • August 4, 2011
Barack Obama
Barack Obama
stated on July 31, 2011 remarks from the White House
The debt ceiling deal will result in "the lowest level of annual domestic spending since Dwight Eisenhower was president."
Half-True
By Louis Jacobson • August 2, 2011
Dennis Kucinich
Dennis Kucinich
stated on July 15, 2011 a speech in the House of Representatives
"Social Security didn’t cause the debt crisis. Social Security had nothing to do with the debt crisis."
Mostly True
By Tom Feran • August 2, 2011
Alliance for Retired Americans
Alliance for Retired Americans
stated on July 12, 2011 an email blast
"Social Security doesn’t contribute a penny to the deficit."
Mostly False
By W. Gardner Selby • August 2, 2011
Bobby Scott
Bobby Scott
stated on July 14, 2011 a letter.
(Rep. Bob Goodlatte's) balanced budget amendment does not require a balanced budget.
Mostly False
By Sean Gorman • August 1, 2011
Ron Johnson
Ron Johnson
stated on July 25, 2011 a television interview
"The federal government is spending 25 percent of our entire economy versus 100 years ago we spent only 2 percent."
True
By Dave Umhoefer • July 31, 2011
Eric Cantor
Eric Cantor
stated on July 26, 2011 a TV interview.
"Harry Reid’s plan is basically giving the president a blank check."
False
By Warren Fiske • July 29, 2011
Ohio Democratic Party
Ohio Democratic Party
stated on July 25, 2011 a news release
Says Ohio Treasurer Josh Mandel "supports allowing the United States to default on its obligations."
Pants on Fire!
By Tom Feran • July 28, 2011
Leonard Lance
Leonard Lance
stated on July 17, 2011 a column
"Recently we have seen our government debt grow by $3.4 trillion during the first 29 months of the Obama administration -- the equivalent of about $4 billion per day."
Half-True
By Erin O'Neill • July 28, 2011
Barack Obama
Barack Obama
stated on July 25, 2011 a televised address
"The deficit was on track to top $1 trillion the year I took office."
True
July 27, 2011
Rob Portman
Rob Portman
stated on July 25, 2011 an interview on MSNBC
"Thirty-four of the last 44 (debt ceiling increases) have been for less than a year. So, this notion that short-term is somehow the exception, it's actually the rule."
True
By Stephen Koff • July 27, 2011
Tom Price
Tom Price
stated on July 24, 2011 an interview on CNN's "State of the Union with Candy Crowley"
"The U.S. won't default, because default means that you don't pay your creditors. And it takes about 10 percent of the money that's coming in right now" to pay interest to bondholders.
False
By Louis Jacobson, Willoughby Mariano • July 26, 2011
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