Without an increase in the debt ceiling, could Washington avoid default simply by cutting spending? That's what two leading Republicans, Rep. Michele Bachmann and Sen. Jim DeMint, urged over the weekend. What they didn't say is that this would require instant cuts of at least 34 percent in everything but interest payments. And the cuts would be far deeper if Congress exempted popular programs for the elderly, or for defense.
Minnesota Rep. Bachmann, appearing on CBS'
Huntsman, Lincoln and Hallmark
Jon Huntsman wrongly paraphrased Abraham Lincoln as saying: "[W]e are a great country because we are a good country." Lincoln assuredly never said that.
The expression is similar to a common political bromide that Ronald Reagan and others have attributed to Alexis de Tocqueville. But de Tocqueville didn't write those words, either.
Former Utah Gov. Huntsman made the slip-up at the announcement of his presidential candidacy in Liberty Park, N.J.
Huntsman, June 21: Our political debates today are corrosive and not reflective of the belief that Abe Lincoln espoused back in his day,
Huntsman’s $1 Trillion Mistake
Jon Huntsman was off by $1 trillion or more when he claimed that Social Security, Medicare and interest payments would consume "every dollar of federal revenue" within 10 years. A spokesman says Huntsman meant to include Medicaid in that list, but even that wouldn't make the claim accurate.
In his June 21 speech announcing that he is running for the Republican presidential nomination, the former ambassador said:
Huntsman, June 21: We must make hard decisions that are necessary to avert disaster.
Durbin’s Debt Problem
Sen. Dick Durbin incorrectly claimed that the U.S. borrows money "primarily from China" to fund the federal government. China owns about 8 percent of the total U.S. debt.
The Illinois Democrat made the claim during a June 19 interview on NBC's "Meet the Press."
Durbin, June 19: Keep in mind, for every dollar we spend in Washington, we borrow 40 cents, primarily from China, our major competitor in the world.
Durbin is largely correct that the U.S.
Sleazy, False and ‘Racist’ Hit in LA
A conservative group falsely claims in a web ad that Democrat Janice Hahn "hired hardcore gang members with taxpayer money to be gang intervention specialists" in South Los Angeles. It's true that Hahn, a city councilwoman running in a special election for Congress, supports the city's gang intervention programs, but she made no direct payments to gang members. It's also true that the city funds nonprofits that use ex-gang members to help settle gang disputes, but the city money is used to fund administrative costs,
FactChecking Bachmann
We are periodically taking a look at past claims from the 2012 presidential candidates. Today's topic: Michele Bachmann.
The Republican representative from Minnesota announced during this week's debate that she was running for the nation's highest office. Several claims from Bachmann have appeared on our site before, including:
Earlier this year, Bachmann falsely claimed that $105 billion in spending was "hidden" in the federal health care law and that this was done "secretly, unbeknownst to members of Congress."
Romney Wrong on Deficits, Auto Bailout
Mitt Romney wrongly claimed deficits “multiplied … by a factor of four or five” under President Barack Obama. He also incorrectly stated that auto companies have repaid only a "small" share of the government bailout money.
The deficit was already running at $1.2 trillion when Obama took office, and it grew to more than $1.4 trillion during his administration — an increase of far less than 400 percent to 500 percent. As for the auto bailout money,
FactChecking Santorum
Next up in our occasional look at past misstatements by presidential candidates: Rick Santorum. The former Pennsylvania senator announced his candidacy today. We have checked just a few claims from Santorum, who served in the Senate from 1995 to 2007.
He wrongly claimed in March that "one in three pregnancies end in abortion" in the United States when saying that abortion was to blame for funding problems for Social Security and Medicare. Santorum said on a radio talk show: "The reason Social Security is in big trouble is we don’t have enough workers to support the retirees.
Palin’s Twist on Paul Revere
Sarah Palin's much-ridiculed story of Paul Revere isn't entirely wrong, but it's badly twisted. Revere didn't ring bells or fire shots, and he was riding to warn two fellow rebels that the British were coming to arrest them, not to warn the British "that they weren't going to be taking away our arms."
That's what the former Alaska governor said in an offhand remark, caught by a TV camera at a June 2 stop in Boston:
Palin,
Chrysler Paid in Full?
Taxpayer beware: You have to read the fine print to know what the president means when he says Chrysler has paid back "every dime" of loans it received "during my watch." The company got $12.5 billion in bailout funds under the Bush and Obama administrations, but — despite what the president said — isn't expected to pay about $1.3 billion of it.
President Barack Obama visited a Chrysler plant in Toledo, Ohio, on June 3 to discuss the recent announcement that the Chrysler Group LLC repaid $5.1 billion in outstanding loans.