In our "What’s in a Number" post on May 7, we noted a clever video by Salt Lake City software developer Matt Shapiro, showing how little $100 million in savings would amount to when compared with the $3.6 trillion in federal spending being proposed by President Obama (about one-quarter of a penny on the scale of the budget being equal to $100.) Now Matt has come up with a second video to help us wrap our brains around the latest figures. What would it really mean if Obama gets the... Click to Read the Full Post
On April 20, President Barack Obama caused a bit of a splash when he gathered members of his Cabinet and directed them to cut (collectively) $100 million in expenses within the next 90 days. Now that sounds like a lot of money. And we’re not ones to complain about cutting costs when the Congressional Budget Office estimated the deficit to be $1.2 trillion in 2009 alone — and that was before accounting for the cost of the stimulus bill. That said, it’s important to keep Obama’s... Click to Read the Full Post
Summary After 100 days in office, we find President Obama is sticking to the facts – mostly. Nevertheless, we find that the president has occasionally made claims that put him and his policies in a better light than the facts warrant. He has claimed that private economists agreed with the forecast in his budget, when they were really more pessimistic. He’s used Bush-like budget-speak trying to sound frugal while raising spending to previously unimagined levels. And he has exaggerated... Click to Read the Full Post
Summary President Obama sometimes strayed from the facts or made dubious claims during his hour-long evening news conference March 24. He said his budget projections are based on economic assumptions that “are perfectly consistent with what Blue Chip forecasters out there are saying.” Not true. The average projection by leading private economists is now for substantially less economic growth than the administration’s forecast assumes. He said he is reducing “nondefense... Click to Read the Full Post
During a speech on Tuesday, President Obama promised to reduce the budget deficit: Obama: Now, this budget does not attempt to solve every problem or address every issue because of the massive deficit we inherited and the enormous costs of this financial crisis. We have made some tough choices that will cut our deficit in half by the end of my first term and reduce it by $2 trillion over the next decade. To start, we want to clarify that Obama is talking about the budget deficit (the amount of money... Click to Read the Full Post
On "FOX News Sunday" on March 1, Sen. Jon Kyl of Arizona castigated Obama’s budget for expanding the country’s public debt. Obama’s budget certainly projects rapid growth in red ink. But Kyl’s attacks could use some context and correction. Kyl: This budget adds more debt to our country’s future than all of the debt from 1789 when George Washington was president right up through Franklin Roosevelt and - and Lyndon Johnson and George W. Bush. In other... Click to Read the Full Post
That’s the idea behind our Ask FactCheck feature on themain site. This week, we looked into a suspicious quote allegedly from President-elect Barack Obama, speaking about urgent gun policy changes. The reader who sent it to us wasn’t convinced it was legitimate, and our reporting showed it was almost certainly a fabrication. The quote claims Obama told a "VPC Fund Raiser" in 2007 that "[i]n the first year, I intend to work with Congress on a national no carry law, 1 gun... Click to Read the Full Post
McCain has claimed yet again that Sen. Obama “voted twice for a budget resolution to increase taxes on individuals making $42,000 a year.” As we’ve reported, a single taxpayer making more than $41,500 would have seen a tax increase, but a couple filing jointly would have seen no increase unless they made at least $83,000, and for a couple with two children the cut-off would have been $90,000. Regardless, the increase that Obama once supported as part of a Democratic budget bill... Click to Read the Full Post
In our recent article “Sliming Palin,” we addressed the pervasive rumor that Gov. Palin slashed funding for special needs education. She didn’t. Instead, she increased funding. Here’s more detail on how an increase got mistaken for a 62 percent decrease. The evidence that’s been cited to support the false decrease claim: The special schools component of the education budget for fiscal year 2007, before Palin was governor, was $8.3 million. The special schools budget... Click to Read the Full Post
