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Latest Fact-Checks In Debt

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Brian Kemp
Brian Kemp
stated on May 10, 2022 in an ad:
"David Perdue voted with liberals” for $10 trillion “in new debt, his out-of-control federal spending is driving inflation through the roof."
Mostly False
By Tom Kertscher • May 19, 2022
Joe Biden
Joe Biden
stated on May 10, 2022 in remarks at the White House:
“My Treasury Department is planning to pay down the national debt this quarter, which never happened under my predecessor.”
Half-True
By Louis Jacobson • May 13, 2022
Ron DeSantis
Ron DeSantis
stated on April 29, 2022 in a press conference:
“The student debt that is out there, almost 60% of it is graduate school debt.”
Mostly False
By Yacob Reyes • May 5, 2022
X posts
X posts
stated on April 5, 2022 in a tweet:
“With the money Elon Musk spent to buy Twitter shares, he could have given every American family $100,000 and still had enough left over to cancel all student debt.”
Pants on Fire!
By Andy Nguyen • April 8, 2022
Abby Finkenauer
Abby Finkenauer
stated on December 9, 2021 in a tweet:
Chuck Grassley was “voting to slash Medicare” when voting against the debt ceiling bill.
Half-True
By Lyle Muller • December 17, 2021
Kevin McCarthy
Kevin McCarthy
stated on November 18, 2021 in a House floor speech:
“Never in American history has so much been spent at one time. Never in American history will so many taxes be raised and so much borrowing be needed to pay for this reckless spending.”
False
By Louis Jacobson • November 19, 2021
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
Joe Biden
Joe Biden
stated on October 4, 2021 in a speech:
“Raising the debt limit is usually a bipartisan undertaking.”
Half-True
By Amy Sherman • October 6, 2021
Rick Scott
Rick Scott
stated on September 23, 2021 in an op-ed:
“Democrats are responsible for the massive spending and debt growth, they alone need to take responsibility for raising the debt limit.”
Mostly False
By Jon Greenberg • September 27, 2021
JB Pritzker
JB Pritzker
stated on July 21, 2021 in a podcast interview:
“You can't actually use ARPA (American Rescue Plan Act) funds” to pay down state unemployment insurance fund deficits.
False
By Kiannah Sepeda-Miller • July 30, 2021
Nikki Haley
Nikki Haley
stated on June 28, 2021 in a Facebook post:
“The national debt is now bigger than our economy. That hasn’t happened since World War Two – and we’re in peacetime. Joe Biden is digging a hole America can never fill.”
Half-True
By Jason Asenso, Louis Jacobson • July 2, 2021
Facebook posts
Facebook posts
stated on May 25, 2021 in a Facebook post:
“The Biden administration has decided to cancel $0 in student debt.”
Mostly False
By Tom Kertscher • May 28, 2021
Tom Nelson
Tom Nelson
stated on April 11, 2021 in Twitter:
"Since 2010, student debt has increased by 102% and real wages have fallen by over 8%.”
Half-True
By Haley BeMiller • May 21, 2021
Ted Cruz
Ted Cruz
stated on October 26, 2020 in an interview:
Says Trump “didn’t campaign on cutting the debt” … “That’s not what he promised to do.”
False
By Brandon Mulder • October 30, 2020
Donald Trump
Donald Trump
stated on October 14, 2020 in a discussion with business leaders:
Speaking of the federal debt before the coronavirus pandemic, “we were starting to get that number down.”
False
By Miriam Valverde • October 19, 2020
Nancy Pelosi
Nancy Pelosi
stated on June 28, 2020 in ABC News’ “This Week”:
Federal aid for state and local governments through a proposed coronavirus relief bill would amount to “half of what the Republicans put onto the national debt.”
Mostly True
By Sophie Austin • July 7, 2020
Rand Paul
Rand Paul
stated on May 6, 2020 in an interview:
$3 trillion for federal coronavirus stimulus packages is "being borrowed basically from China."
False
By Tom Kertscher • May 14, 2020
Facebook posts
Facebook posts
stated on February 28, 2020 in a Facebook post:
“I pay $165 a month on my student loans for the next 13 years to pay them off. With Bernie Sanders’ plan, my student loans will be forgiven. I’ll only have to pay $450 extra in taxes a month for the next 25 years to make sure I’ll have no more student debt.”
False
By Tom Kertscher • March 6, 2020
Veronica Escobar
Veronica Escobar
stated on February 4, 2020 in a speech:
“The president has exploded the debt by more than $3 trillion — all to give billion-dollar tax cuts to the wealthiest few.”
Half-True
By Louis Jacobson • February 5, 2020
Facebook posts
Facebook posts
stated on November 19, 2019 in a Facebook post:
Says Jeff Foxworthy wrote a list of examples explaining how "you might live in a nation that was founded by geniuses but is run by idiots."
False
By Ciara O'Rourke • January 7, 2020
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