Texas Rep. Jeb Hensarling, at a nationally televised meeting of House Republicans in Baltimore, accused President Obama to his face of running up deficits a dozen times greater than the GOP’s. The president said, "That’s factually just not true, and you know it’s not true," and he invited "any independent fact-checker out there" to assess which man got the facts right. OK, we will. We have to score this one for Obama. Hensarling told a Texas-size whopper —... Click to Read the Full Post
Summary President Obama peppered his State of the Union address to Congress and the nation with facts, which were mostly right but sometimes cherry-picked, strained or otherwise misleading. He said “there are about 2 million Americans working right now” because of last year’s stimulus bill. But his own economic advisers say the total could be as little as 1.5 million, and independent estimates range down to as low as 800,000. He quoted the Congressional Budget Office as saying... Click to Read the Full Post
Q: What’s a good source for the U.S.A.’s long-term debt, annual revenues and expeditures, and long-term deficit forecasts? A: The Congressional Budget Office publishes data on the federal government’s budget - that’s revenues and expenditures, deficits and debt. The Treasury Dept. is the best source for daily debt figures. Click to Read the Full Post Read More →
