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Latest Fact-Checks In Federal Budget

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Barack Obama
Barack Obama
stated on January 27, 2010 his State of the Union speech:
"At the beginning of the last decade ... America had a budget surplus of over $200 billion. By the time I took office, we had a one-year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade."
Mostly True
By Catharine Richert • January 28, 2010
Barack Obama
Barack Obama
stated on January 14, 2010 a speech to House Democrats.:
"The Washington Times ... pointed out that we had succeeded where previous administrations had failed" on spending cuts.
Mostly True
By Alex Holt • January 20, 2010
David Axelrod
David Axelrod
stated on January 15, 2010 an op-ed in the Washington Post.:
When President Bush took office in 2001, he inherited a $236 billion budget surplus, with a projected 10-year surplus of $5.6 trillion. When he ended his term, he left a $1.3 trillion deficit and a projected 10-year shortfall of $8 trillion.
Mostly True
By Catharine Richert • January 15, 2010
George LeMieux
George LeMieux
stated on January 8, 2010 a message on Twitter:
"Why is January 8th an important date in American history? This day in 1835 is the only day in our history when we have not been in debt."
Mostly True
By Aaron Sharockman • January 12, 2010
Cokie Roberts
Cokie Roberts
stated on October 4, 2009 appearance on This Week with George Stephanopoulos:
Forty percent of gross domestic product "is state, local, or federal money."
Mostly True
By Louis Jacobson • October 6, 2009
Joe Biden
Joe Biden
stated on July 9, 2009 a news release.:
"Across the country, $174 billion of the Recovery Act have been committed in its first 130 days."
Mostly True
By Catharine Richert • July 15, 2009
Barack Obama
Barack Obama
stated on June 24, 2009 a town hall meeting:
"Medicare and Medicaid are the single biggest drivers of the federal deficit and the federal debt by a huge margin."
Mostly True
By Angie Drobnic Holan • June 25, 2009
Barack Obama
Barack Obama
stated on March 24, 2009 in a news conference.:
His proposed budget would "cut our deficit in half by the end of my first term."
Mostly True
By Robert Farley • March 25, 2009
Judd Gregg
Judd Gregg
stated on March 25, 2009 in a Fox News interview.:
Obama's proposed budget "doubles the debt in five years, triples it in 10 years."
Mostly True
By Robert Farley • March 25, 2009
John McCain
John McCain
stated on February 23, 2009 a White House forum on fiscal responsibility.:
A new presidential helicopter "is now going to cost as much as Air Force One."
Mostly True
By Bill Adair • February 27, 2009
Rahm Emanuel
Rahm Emanuel
stated on January 18, 2009 a news interview:
"We've added, in the last eight years, $4 trillion of debt to the nation's obligations."
Mostly True
By Angie Drobnic Holan • January 22, 2009
Mitch McConnell
Mitch McConnell
stated on January 4, 2009 in a news interview:
If Obama's economic plan creates 600,000 new government jobs, "that's about the size of the post office work force."
Mostly True
By Angie Drobnic Holan • January 5, 2009
John McCain
John McCain
stated on September 26, 2008 in debate in Oxford, Miss.:
"He has asked for $932-million of earmark pork-barrel spending, nearly a million dollars for every day that he’s been in the United States Senate."
Mostly True
By Robert Farley • September 26, 2008
John McCain
John McCain
stated on September 26, 2008 in debate in Oxford, Miss.:
"You know, we spent $3-million to study the DNA of bears in Montana."
Mostly True
By Robert Farley • September 26, 2008
John McCain
John McCain
stated on September 16, 2008 a speech in Tampa:
"Obama has asked for $932-million in earmarks, literally $1-million for every day that he’s been in Congress."
Mostly True
By Shawn Zeller • September 16, 2008
John McCain
John McCain
stated on August 16, 2008 Orange County, Calif.:
"We spent $3-million of your money to study the DNA of bears."
Mostly True
By Kathryn A. Wolfe • August 25, 2008
John McCain
John McCain
stated on July 28, 2008 an interview on CNN's Larry King Live :
Spending increases, not tax cuts, are the major cause of the federal budget deficit.
Mostly True
By Richard Rubin • August 6, 2008
John McCain
John McCain
stated on June 17, 2008 a comment by McCain campaign adviser Carly Fiorina on MSNBC's "Morning Joe":
"George Bush, and a Republican Congress, have presided over a 55 percent increase in the size of domestic government spending in the last seven years."
Mostly True
By Adriel Bettelheim • June 18, 2008
Barack Obama
Barack Obama
stated on June 12, 2008 a campaign e-mail to reporters:
"McCain lobbied for (a) $10-million pork project honoring conservative justice."
Mostly True
By Shawn Zeller • June 17, 2008
Bob Barr
Bob Barr
stated on May 12, 2008 a news conference announcing his Libertarian candidacy in Washington, D.C.:
Eliminating earmarks "would make barely a drop in the bucket with regard to the national debt, the deficit."
Mostly True
By Shawn Zeller • May 13, 2008
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