Latest True Fact-checks in Deficit Wisconsin Republican Legislative leaders stated on April 7, 2021 in Twitter: Wisconsin’s 2019-21 budget produced the first positive general fund balance since 2000, and the governor’s proposed 2021-23 budget would return it to a deficit. Hillary Clinton stated on September 26, 2016 in a Presidential debate at Hofstra University: According to "independent experts," Donald Trump's tax plan "would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy." Tom Price stated on March 18, 2015 in the 2016 Budget Resolution from House Budget Committee: Under current conditions, by 2023, the interest payments on the national debt will be $722 billion, larger than the projected defense spending of $696 billion. Jorge Elorza stated on September 30, 2014 in a Providence Journal-WPRI debate: "We have a retiree that is collecting a $17,000 paycheck a month . . . tax free." Barack Obama stated on September 1, 2014 in a speech in Milwaukee: "We cut our deficits by more than half." Rand Paul stated on August 5, 2014 in a speech in Iowa: "It cost us more to shut the government down than to keep it open." Paul Ryan stated on December 19, 2013 in an interview: Members of the military don’t "contribute toward their pension." Kelly Ayotte stated on October 24, 2013 in a town hall meeting in Hudson, N.H.: The deficit this year could pay "all of the 2013 salaries of every professional baseball player for the next 248 years." Rob Portman stated on July 17, 2013 in a news release: Says the State Department spent $630,000 to get 2 million Facebook "Likes." David Cicilline stated on July 21, 2013 in an appearance on WPRI-TV's "Newsmakers" program: "The Congressional Budget Office, a nonpartisan office, did an analysis and said that passing comprehensive immigration reform will reduce the federal deficit by $200 billion over the next decade." Barack Obama stated on July 24, 2013 in a speech at Knox College in Illinois: Says "our deficits are falling at the fastest rate in 60 years." Tom Cole stated on July 16, 2013 in an MSNBC interview: Food stamp spending "doubled under President Bush, doubled again under President Obama." Gary Sasse stated on February 10, 2013 in an appearance on 10 News Conference: Of six Rhode Island tax-credit programs worth about $35 million, "three companies got 90 percent of that -- CVS and two companies not even located in the state of Rhode Island." Jim Jordan stated on January 6, 2013 in an interview on Fox News Sunday: Seven of America’s 10 wealthiest counties are in the Washington, D.C., area. Jim Moran stated on November 21, 2012 in a letter.: Says budget savings by reducing pay and benefits for federal employees total $103 billion over 10 years -- more than $50,000 per worker. Rob Portman stated on November 9, 2012 in a newspaper interview: Budget analysts say the looming tax hikes and spending cuts would "take us into a recession and kill jobs." Leonard Lance stated on October 11, 2012 in a debate: Says Barack Obama "said when he was running for office four years ago that he would halve the annual deficit by the end of his first term. That simply has not happened." Barack Obama stated on October 3, 2012 in a presidential debate in Denver: Says Romney wants to add $2 trillion to the defense budget that the military hasn’t asked for. Mitt Romney stated on October 3, 2012 in a presidential debate: Says Obama promised to cut the deficit in half. Rob Portman stated on September 6, 2012 in a news release: "$16 trillion (the national debt) in $1 bills would cover the entire state of Ohio nearly 1.5 times." Gerry Connolly stated on June 5, 2012 in a floor speech.: Ronald Reagan "raised taxes in 1982, 1984, 1985, 1986 and 1987." Rodney Frelinghuysen stated on May 25, 2012 in an e-mail newsletter: "The U.S. is borrowing approximately $2.52 for every $1 of economic growth so far in 2012." Crossroads GPS stated on May 16, 2012 in a TV ad.: Obama promised to cut the deficit by half by the end of his first term but he "hasn't even come close." John Boehner stated on March 28, 2012 in a video address: "The Democrat-controlled Senate, it hasn't passed a budget in more than 1,000 days." Frank Wolf stated on March 28, 2012 in a floor speech.: Says the Congressional Budget Office has estimated "every penny of the federal budget will go to interest on the debt and entitlement spending by 2025." Rob Portman stated on April 16, 2012 in a column in Politico: The Buffett Rule "will bring in less than $5 billion per year. ... Enough to pay one week’s interest on the national debt." Randy Forbes stated on January 24, 2012 in a blog post.: "The national debt is equal to $48,700 for every American or $128,300 for every U.S. household. It is now equivalent to the size of our entire economy." Bob Corker stated on November 8, 2011 in a USA Today column.: A typical married couple "will contribute $119,000" into Medicare but will "receive $357,000 in Medicare benefits over their lifetimes." Tim Kaine stated on December 7, 2011 in a debate.: The national debt increased $16,000 every second George Allen served in the U.S. Senate. Alan Simpson stated on November 18, 2011 in a speech at the City Club of Cleveland: Says military expenditures for the United States are greater than the combined spending of the next 14 largest nations.