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Latest Fact-Checks In Deficit

Clear
Rand Paul
Rand Paul
stated on February 14, 2011 an interview on Fox Business News
The federal government "can cut all of the non-military discretionary spending and not balance the budget."
True
By Louis Jacobson • February 17, 2011
Scott Rigell
Scott Rigell
stated on February 14, 2011 a press release.
The United states is "borrowing more than 40 cents of every dollar we spend."
True
By Jacob Geiger • February 17, 2011
Jim Jordan
Jim Jordan
stated on January 20, 2011 a speech to the Heritage Foundation
"Our debt to GDP ratios, our deficit to GDP ratios are quickly approaching the countries we have been reading about for the last year and a half. We are not far behind Ireland, Greece, Portugal and Spain and all these countries we have been reading about."
Half-True
By Sabrina Eaton • February 16, 2011
Barack Obama
Barack Obama
stated on February 15, 2011 a press conference
Under the White House’s budget proposal, "we will not be adding more to the national debt" by the middle of the decade.
False
By Louis Jacobson • February 15, 2011
Mark Warner
Mark Warner
stated on January 25, 2011 a TV interview.
The U.S. loses more on tax breaks than it collects in personal income taxes. 
True
By Warren Fiske • February 1, 2011
Paul Ryan
Paul Ryan
stated on January 25, 2011 a response to the State of the Union address
"The debt will soon eclipse our entire economy."
True
By Stephen Koff, Louis Jacobson • January 26, 2011
John Boehner
John Boehner
stated on January 5, 2011 a speech in the House of Representatives
"Our spending has caught up with us, and our debt soon will eclipse the entire size of our national economy."
True
By Stephen Koff • January 10, 2011
Bobby Scott
Bobby Scott
stated on December 16, 2010 a news release.
The tax-cut deal "adds more than $800 billion to the deficit over two years -- more than the cost of TARP and more than the cost of the Recovery Act" and about the same as health care reform.
Mostly True
By Wes Hester • December 27, 2010
Chain email
Chain email
stated on December 20, 2010 a message via the Internet
Unemployment and the housing and auto industry crises can be fixed by giving a million dollars to every worker over age 50 to retire.
Pants on Fire!
By C. Eugene Emery Jr. • December 22, 2010
Sherrod Brown
Sherrod Brown
stated on December 9, 2010 a CNN interview
The tax cut deal is giving "$700 billion to millionaires and billionaires."
False
By Stephen Koff • December 15, 2010
Mark Warner
Mark Warner
stated on December 6, 2010 a floor speech.
The national debt grew an estimated $15 billion last weekend.
True
By Wes Hester • December 9, 2010
Bobby Scott
Bobby Scott
stated on November 16, 2010
Republicans "created a trillion dollar prescription drug entitlement program without paying for it." 
Mostly True
By Wes Hester • December 7, 2010
Sherrod Brown
Sherrod Brown
stated on November 30, 2010 an MSNBC interview
"Understand, this is unemployment insurance. It’s not welfare, as a lot of my Republican colleagues like to suggest it is. You pay into it when you’re working. You get help when you’re not."
Mostly True
By Stephen Koff • December 7, 2010
Bobby Scott
Bobby Scott
stated on November 16, 2010 in a news release.
The health care reform law "reduces the deficit by nearly $1.2 trillion over the next two decades." 
Half-True
By Wes Hester • November 23, 2010
Rick Perry
Rick Perry
stated on November 2, 2010 in "Fed Up! Our Fight to Save America from Washington"
"The (federal) debt is growing by more than $4 billion a day."
True
November 17, 2010
George W. Bush
George W. Bush
stated on November 8, 2010 an interview on NBC's "Today Show"
"My debt to GDP was the lowest or one of the lowest of modern presidents. My taxes to GDP was the lowest and my spending to GDP" was too.
Mostly True
By Louis Jacobson • November 13, 2010
Chain email
Chain email
stated on October 31, 2010 a message via the Internet
"Pres. Obama's finance team is recommending a . . . 1% tax on all transactions at any financial institution."
Pants on Fire!
By C. Eugene Emery Jr. • November 12, 2010
Tim Kaine
Tim Kaine
stated on September 19, 2010 a TV interview.
Republican plan to extend Bush tax cuts "would double deficit projections going forward for the next couple of decades."
Mostly True
By Warren Fiske • November 11, 2010
George Allen
George Allen
stated on November 5, 2010 a newspaper Op/Ed
The debt is "nearly $6 trillion more than when President Obama was sworn into office."
False
By Wes Hester • November 9, 2010
Eric Cantor
Eric Cantor
stated on October 30, 2010 a letter to the editor of the Richmond Times-Dispatch
"The budget submitted by Obama will add more to the debt than the outstanding debt of the previous 43 presidents combined." 
True
By Wes Hester • November 7, 2010
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