Tag Archives: deficit

Fun with Deficit Statistics

Q: Is it true that this year’s deficit is greater than the total taxable income of Americans earning more than $100,000? A: No, it’s not true. The statistic comes from a Wall Street Journal editorial, which has been corrected.

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FactChecking Obama’s Budget Speech

President Barack Obama misrepresented the House Republicans’ budget plan at times and exaggerated its impact on U.S. residents during an April 13 speech on deficit reduction. Obama claimed …
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Stockman’s Fiery Rhetoric

David Stockman claims that discretionary spending is "out of control."  But it’s up just 1.6 percent this year. The former Reagan administration budget director caught our attention with an incendiary quote to The Fiscal Times news site, where he urged fellow Republicans to shut down the government if necessary to …
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Our Angry Readers

We’d like to respond to readers who disliked our article on Social Security’s red ink. We’ve received dozens of complaints and criticisms, expressing disappointment and sometimes outright anger at our finding that Social Security is in fact contributing to the federal deficit, and that some Democrats are making a false …
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Democrats Deny Social Security’s Red Ink

Some senior Democrats are claiming that Social Security does not contribute “one penny” to the federal deficit. That’s not true. The fact is, the federal government had to borrow $37 billion last year to finance Social Security, and will need to borrow more this year.
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A ‘Budget-Busting’ Law?

The nonpartisan Congressional Budget Office states that repealing the health care law would worsen the federal deficit over the next 10 years — by $230 billion. So how does …
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Pelosi Pablum on ‘Fiscal Discipline’

In a Nov. 9 opinion piece for USA Today, House Speaker Nancy Pelosi presented a lengthy list of Democratic accomplishments since assuming control of the House and Senate in January 2007 — including "restoring fiscal discipline to the Congress." That one stopped us. The fact is the federal government ended fiscal …
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Sunday Replay

Pity the poor politicians and spinmeisters who had to don suits in the middle of a long weekend and populate the talk shows. They were up to their usual tricks, though: One Republican operative wrongly implied a crime by the White House; several guests talked about the debt or deficit …
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Sunday Replay

Sunday morning’s talkathons featured a few misstatements in a debate between Kentucky’s Senate contenders, and some confusion about debts and deficits.     Kentucky Senate Candidates Debate "Fox News Sunday" hosted a debate between Kentucky Senate candidate Rand Paul, a Republican, and his Democratic opponent, Jack Conway.  Paul’s statements about the …
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Bush Years Revisited in Ohio Senate Race

In the Ohio Senate race, Democrat Lee Fisher’s first TV ad of the fall campaign misrepresents Republican Rob Portman’s years in the Bush administration: The ad is wrong when it says Portman, as President George W. Bush’s "trade czar," was responsible for "sending 100,000 Ohio jobs overseas." The 100,000 lost jobs …
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