Joe Biden mistakenly claimed Americans own 85 percent of U.S. Treasury securities during his visit to China. Americans own 54 percent of the U.S. public debt — that is, the amount of debt held by the public. They own 69 percent of the total debt, which includes money the U.S. government owes itself.
At several stops in China, Vice President Biden sought to reassure the Chinese that their investments in U.S. treasuries are safe.
Teachers Paid ‘On Par with Doctors’?
President Obama falsely claimed teachers are paid "on par" with doctors in “most countries" with high test scores. The Organisation for Economic Co-operation and Development has data that allowed us to compare 16 member countries in all three categories: student test scores, teachers' pay and general practitioners' pay. None of the 16 countries paid teachers more than doctors, and 10 had higher test scores than the U.S. in one or more subject areas.
As part of that same claim,
Front Group Claims EPA Threatens 7 Million Jobs
Chemical and oil lobbies were behind an ad that dogged Obama's Midwestern bus tour, attacking anti-smog regulations proposed by the administration. Their trade groups are among the business organizations backing a front group calling itself the "Coalition for American Jobs," which sponsored the ad.
The TV spot accused the president of "talking jobs" on his Midwestern tour, while his administration is "putting 7 million American jobs at risk" by considering "unnecessary" tightening of anti-smog regulations. The job-loss claim turns out to be based on an industry-sponsored study that predicts astronomical compliance costs.
Rick Perry’s Imaginary Regulation
Rick Perry falsely claimed the Obama administration wants farmers to obtain a commercial driver's license to ride tractors across public roads.
As first reported by the Des Moines Register, the Texas governor told his tall Texas tale at the Iowa State Farm on Monday — two days after announcing he would run for the Republican presidential nomination. He offered it as an example of "regulations that are stifling jobs."
Perry, Aug. 15: This is just such an obscene,
Santorum’s Bragging Rights
Rick Santorum puffs up his credentials a bit in saying he "defeated three Democratic incumbents." He defeated two incumbents; in two other congressional elections, he was the incumbent.
Santorum, a former Pennsylvania senator and representative, has touted his Democrat-defeating skills a few times recently. In the GOP presidential debate on Aug. 11, he said he was a candidate "who can beat incumbent Democrats, three of them, three incumbent Democrats." And at the Iowa straw poll on Aug.
FactChecking Perry
Rick Perry has made false or exaggerated claims on U.S. oil imports, the federal debt, Social Security and the federal health care law.
The Texas governor gave a speech Aug. 13 in South Carolina to announce he will run for the Republican presidential nomination. As we have for other declared candidates, we offer here a summary of his past statements that we have found to be false or misleading. We also reviewed his weekend speech and found other questionable claims.
Romney’s Run-in on Social Security
Mitt Romney gave a misleading answer to a question about Social Security during a feisty exchange with a heckler in Iowa. He said payroll taxes take 15.3 percent "out of your earnings," but only the self-employed pay that rate. All other workers pay half of that, with the other half being paid for by the employer.
The Republican presidential candidate and former Massachusetts governor also said that the payroll tax rate would have to go up to 44 percent to pay for Social Security,
Howard Dean Overstates Cost of Tax Cuts
Howard Dean falsely claimed that "60 percent of the deficit is due to the Bush tax cuts." Last year, the nonpartisan Congressional Budget Office said that allowing the tax cuts to expire at the end of 2010 would decrease the deficit from $1.3 trillion in 2010 to $1.07 trillion in 2011. That's a 17.7 percent drop. It's sizable. But it's not 60 percent.
Dean, the former Vermont governor and Democratic National Committee chairman, made his claim on CBS'
More Mediscare
Newspaper ads from a conservative group make the disputed claim that "Obama's Medicare Plan Will Increase Medicare Premiums." The "plan" it refers to is actually designed to produce lower prices for low-income Medicare Part D beneficiaries and taxpayers. And whether drug companies would increase prices to others in response is a matter of conjecture, not fact. Experts have differing views. And the sponsor of the ad — whose sister organization produced a study supporting the claim —
Romney’s Windy Web Video
A Mitt Romney online video overstates the growth of Chicago's unemployment rate under President Obama. The ad says that Chicago's unemployment is up 48 percent, which is true since November 2008. But Obama didn't take office until Jan. 20, 2009, and the city's unemployment rate has increased 26.7 percent since then. That's still a large jump, to be sure, but not nearly as high as the video claims.
The Web video — titled "Obama Isn't Working: Chicago"