Latest True Fact-checks in Deficit Matt Mackowiak stated on December 1, 2011 in an opinion column.: Says Barack Obama promised to halve the deficit in his first term. Mark Warner stated on October 31, 2011 in a TV interview.: The U.S. would gain revenue by cutting personal income tax rates in half and ending tax breaks. Leonard Lance stated on November 16, 2011 in a speech on the House floor: "When the national debt reaches $15 trillion, it means that U.S. debt-to-GDP ratio will reach 99.7 percent of our debt and this is $47,900 for every living American." Jim Webb stated on November 4, 2011 in a TV interview.: "Ronald Reagan raised the national debt 18 times." Rob Portman stated on November 1, 2011 in a congressional hearing: "A couple retiring today will pay about $119,000 in lifetime Medicare taxes and receive about $357,000 in lifetime Medicare benefits. ... about 3 bucks in benefits for every dollar in taxes." John Boehner stated on September 19, 2011 in a television interview: "We have 10,000 baby boomers retiring every day." Tom Graves stated on September 1, 2011 in an article: "Two days of interest we pay to China is enough to buy one joint strike fighter [jet]." Bobby Scott stated on August 1, 2011 in a news release.: "The estimated savings of this (debt ceiling) deal only pay for half of the cost of extending all of the Bush-era tax cuts for another decade." Ron Johnson stated on July 25, 2011 in a television interview: "The federal government is spending 25 percent of our entire economy versus 100 years ago we spent only 2 percent." Barack Obama stated on July 25, 2011 in a televised address: "The deficit was on track to top $1 trillion the year I took office." Rob Portman stated on July 25, 2011 in an interview on MSNBC: "Thirty-four of the last 44 (debt ceiling increases) have been for less than a year. So, this notion that short-term is somehow the exception, it's actually the rule." Tim Ryan stated on May 24, 2011 in a speech in the House of Representatives: The average person "will pay $6,000 more a year" under Rep. Paul Ryan's Medicare proposal. Bob McDonnell stated on May 20, 2011 in an interview.: For more than 30 years after World War II, there was a steady reduction in U.S. debt as a percentage of gross domestic product. Randy Forbes stated on May 5, 2011 in a statement.: Failure to raise the debt limit does not force a U.S. default on debt payments. David Stockman stated on May 1, 2011 in an interview on 'This Week with Christiane Amanpour': Rep. Paul Ryan's budget proposal cuts "nothing" from Medicare, Social Security or defense in the next two to three years, and "in three years, he does not cut one dime from the debt." Terry McAuliffe stated on May 26, 2011 in an appearance on MSNBC's Hardball with Chris Matthews.: "China now owns $1.1 trillion of our debt, our trade deficit last year with them was a quarter of a trillion dollars." Dennis Kucinich stated on April 13, 2011 in a radio interview: The Bush tax cuts "helped to create a substantial part of the deficit." Randy Forbes stated on April 14, 2011 in a press release.: "Each day our nation pays communist China $73.9 million in interest on our debt." Mark Warner stated on April 17, 2011 in a TV appearance.: "Right now we are spending at an all-time high, close to 25 percent of our GDP [is] being spent on the federal government. But our revenues are at an almost all-time low of about 15 percent [of GDP]." Jamie Radtke stated on April 12, 2011 in a blog post.: George Allen voted to add $3 trillion to the federal debt, voted to raise the debt ceiling four times and voted for the No Child Left Behind Act while he was a senator. Mark Warner stated on April 11, 2011 in a meeting with The Atlanta Journal-Constitution editorial board: "There used to be 16 workers for every one person on Social Security. ... Now it’s three." Dennis Kucinich stated on February 17, 2011 in a House committee hearing: Says none of the government programs targeted for elimination or severe cutback in House Republican spending plans "appeared on the GAO's list of government programs at high risk of waste, fraud and abuse." Michael Sullivan stated on February 18, 2011 in an e-mail blast: "If you printed a $1 bill for the entirety of the $14.1 trillion national debt, the resulting pile of money would weigh more than 136 aircraft carriers." Dennis Kucinich stated on January 24, 2011: "One of the biggest causes of our soaring debt and economic insecurity ends up being Pentagon spending. The budget for the Pentagon consumes more than half of our discretionary spending." Rand Paul stated on February 14, 2011 in an interview on Fox Business News: The federal government "can cut all of the non-military discretionary spending and not balance the budget." Scott Rigell stated on February 14, 2011 in a press release.: The United states is "borrowing more than 40 cents of every dollar we spend." Mark Warner stated on January 25, 2011 in a TV interview.: The U.S. loses more on tax breaks than it collects in personal income taxes. Paul Ryan stated on January 25, 2011 in a response to the State of the Union address: "The debt will soon eclipse our entire economy." John Boehner stated on January 5, 2011 in a speech in the House of Representatives: "Our spending has caught up with us, and our debt soon will eclipse the entire size of our national economy." Mark Warner stated on December 6, 2010 in a floor speech.: The national debt grew an estimated $15 billion last weekend.
Matt Mackowiak stated on December 1, 2011 in an opinion column.: Says Barack Obama promised to halve the deficit in his first term. Mark Warner stated on October 31, 2011 in a TV interview.: The U.S. would gain revenue by cutting personal income tax rates in half and ending tax breaks. Leonard Lance stated on November 16, 2011 in a speech on the House floor: "When the national debt reaches $15 trillion, it means that U.S. debt-to-GDP ratio will reach 99.7 percent of our debt and this is $47,900 for every living American." Jim Webb stated on November 4, 2011 in a TV interview.: "Ronald Reagan raised the national debt 18 times." Rob Portman stated on November 1, 2011 in a congressional hearing: "A couple retiring today will pay about $119,000 in lifetime Medicare taxes and receive about $357,000 in lifetime Medicare benefits. ... about 3 bucks in benefits for every dollar in taxes." John Boehner stated on September 19, 2011 in a television interview: "We have 10,000 baby boomers retiring every day." Tom Graves stated on September 1, 2011 in an article: "Two days of interest we pay to China is enough to buy one joint strike fighter [jet]." Bobby Scott stated on August 1, 2011 in a news release.: "The estimated savings of this (debt ceiling) deal only pay for half of the cost of extending all of the Bush-era tax cuts for another decade." Ron Johnson stated on July 25, 2011 in a television interview: "The federal government is spending 25 percent of our entire economy versus 100 years ago we spent only 2 percent." Barack Obama stated on July 25, 2011 in a televised address: "The deficit was on track to top $1 trillion the year I took office." Rob Portman stated on July 25, 2011 in an interview on MSNBC: "Thirty-four of the last 44 (debt ceiling increases) have been for less than a year. So, this notion that short-term is somehow the exception, it's actually the rule." Tim Ryan stated on May 24, 2011 in a speech in the House of Representatives: The average person "will pay $6,000 more a year" under Rep. Paul Ryan's Medicare proposal. Bob McDonnell stated on May 20, 2011 in an interview.: For more than 30 years after World War II, there was a steady reduction in U.S. debt as a percentage of gross domestic product. Randy Forbes stated on May 5, 2011 in a statement.: Failure to raise the debt limit does not force a U.S. default on debt payments. David Stockman stated on May 1, 2011 in an interview on 'This Week with Christiane Amanpour': Rep. Paul Ryan's budget proposal cuts "nothing" from Medicare, Social Security or defense in the next two to three years, and "in three years, he does not cut one dime from the debt." Terry McAuliffe stated on May 26, 2011 in an appearance on MSNBC's Hardball with Chris Matthews.: "China now owns $1.1 trillion of our debt, our trade deficit last year with them was a quarter of a trillion dollars." Dennis Kucinich stated on April 13, 2011 in a radio interview: The Bush tax cuts "helped to create a substantial part of the deficit." Randy Forbes stated on April 14, 2011 in a press release.: "Each day our nation pays communist China $73.9 million in interest on our debt." Mark Warner stated on April 17, 2011 in a TV appearance.: "Right now we are spending at an all-time high, close to 25 percent of our GDP [is] being spent on the federal government. But our revenues are at an almost all-time low of about 15 percent [of GDP]." Jamie Radtke stated on April 12, 2011 in a blog post.: George Allen voted to add $3 trillion to the federal debt, voted to raise the debt ceiling four times and voted for the No Child Left Behind Act while he was a senator. Mark Warner stated on April 11, 2011 in a meeting with The Atlanta Journal-Constitution editorial board: "There used to be 16 workers for every one person on Social Security. ... Now it’s three." Dennis Kucinich stated on February 17, 2011 in a House committee hearing: Says none of the government programs targeted for elimination or severe cutback in House Republican spending plans "appeared on the GAO's list of government programs at high risk of waste, fraud and abuse." Michael Sullivan stated on February 18, 2011 in an e-mail blast: "If you printed a $1 bill for the entirety of the $14.1 trillion national debt, the resulting pile of money would weigh more than 136 aircraft carriers." Dennis Kucinich stated on January 24, 2011: "One of the biggest causes of our soaring debt and economic insecurity ends up being Pentagon spending. The budget for the Pentagon consumes more than half of our discretionary spending." Rand Paul stated on February 14, 2011 in an interview on Fox Business News: The federal government "can cut all of the non-military discretionary spending and not balance the budget." Scott Rigell stated on February 14, 2011 in a press release.: The United states is "borrowing more than 40 cents of every dollar we spend." Mark Warner stated on January 25, 2011 in a TV interview.: The U.S. loses more on tax breaks than it collects in personal income taxes. Paul Ryan stated on January 25, 2011 in a response to the State of the Union address: "The debt will soon eclipse our entire economy." John Boehner stated on January 5, 2011 in a speech in the House of Representatives: "Our spending has caught up with us, and our debt soon will eclipse the entire size of our national economy." Mark Warner stated on December 6, 2010 in a floor speech.: The national debt grew an estimated $15 billion last weekend.
Matt Mackowiak stated on December 1, 2011 in an opinion column.: Says Barack Obama promised to halve the deficit in his first term.
Mark Warner stated on October 31, 2011 in a TV interview.: The U.S. would gain revenue by cutting personal income tax rates in half and ending tax breaks.
Leonard Lance stated on November 16, 2011 in a speech on the House floor: "When the national debt reaches $15 trillion, it means that U.S. debt-to-GDP ratio will reach 99.7 percent of our debt and this is $47,900 for every living American."
Jim Webb stated on November 4, 2011 in a TV interview.: "Ronald Reagan raised the national debt 18 times."
Rob Portman stated on November 1, 2011 in a congressional hearing: "A couple retiring today will pay about $119,000 in lifetime Medicare taxes and receive about $357,000 in lifetime Medicare benefits. ... about 3 bucks in benefits for every dollar in taxes."
John Boehner stated on September 19, 2011 in a television interview: "We have 10,000 baby boomers retiring every day."
Tom Graves stated on September 1, 2011 in an article: "Two days of interest we pay to China is enough to buy one joint strike fighter [jet]."
Bobby Scott stated on August 1, 2011 in a news release.: "The estimated savings of this (debt ceiling) deal only pay for half of the cost of extending all of the Bush-era tax cuts for another decade."
Ron Johnson stated on July 25, 2011 in a television interview: "The federal government is spending 25 percent of our entire economy versus 100 years ago we spent only 2 percent."
Barack Obama stated on July 25, 2011 in a televised address: "The deficit was on track to top $1 trillion the year I took office."
Rob Portman stated on July 25, 2011 in an interview on MSNBC: "Thirty-four of the last 44 (debt ceiling increases) have been for less than a year. So, this notion that short-term is somehow the exception, it's actually the rule."
Tim Ryan stated on May 24, 2011 in a speech in the House of Representatives: The average person "will pay $6,000 more a year" under Rep. Paul Ryan's Medicare proposal.
Bob McDonnell stated on May 20, 2011 in an interview.: For more than 30 years after World War II, there was a steady reduction in U.S. debt as a percentage of gross domestic product.
Randy Forbes stated on May 5, 2011 in a statement.: Failure to raise the debt limit does not force a U.S. default on debt payments.
David Stockman stated on May 1, 2011 in an interview on 'This Week with Christiane Amanpour': Rep. Paul Ryan's budget proposal cuts "nothing" from Medicare, Social Security or defense in the next two to three years, and "in three years, he does not cut one dime from the debt."
Terry McAuliffe stated on May 26, 2011 in an appearance on MSNBC's Hardball with Chris Matthews.: "China now owns $1.1 trillion of our debt, our trade deficit last year with them was a quarter of a trillion dollars."
Dennis Kucinich stated on April 13, 2011 in a radio interview: The Bush tax cuts "helped to create a substantial part of the deficit."
Randy Forbes stated on April 14, 2011 in a press release.: "Each day our nation pays communist China $73.9 million in interest on our debt."
Mark Warner stated on April 17, 2011 in a TV appearance.: "Right now we are spending at an all-time high, close to 25 percent of our GDP [is] being spent on the federal government. But our revenues are at an almost all-time low of about 15 percent [of GDP]."
Jamie Radtke stated on April 12, 2011 in a blog post.: George Allen voted to add $3 trillion to the federal debt, voted to raise the debt ceiling four times and voted for the No Child Left Behind Act while he was a senator.
Mark Warner stated on April 11, 2011 in a meeting with The Atlanta Journal-Constitution editorial board: "There used to be 16 workers for every one person on Social Security. ... Now it’s three."
Dennis Kucinich stated on February 17, 2011 in a House committee hearing: Says none of the government programs targeted for elimination or severe cutback in House Republican spending plans "appeared on the GAO's list of government programs at high risk of waste, fraud and abuse."
Michael Sullivan stated on February 18, 2011 in an e-mail blast: "If you printed a $1 bill for the entirety of the $14.1 trillion national debt, the resulting pile of money would weigh more than 136 aircraft carriers."
Dennis Kucinich stated on January 24, 2011: "One of the biggest causes of our soaring debt and economic insecurity ends up being Pentagon spending. The budget for the Pentagon consumes more than half of our discretionary spending."
Rand Paul stated on February 14, 2011 in an interview on Fox Business News: The federal government "can cut all of the non-military discretionary spending and not balance the budget."
Scott Rigell stated on February 14, 2011 in a press release.: The United states is "borrowing more than 40 cents of every dollar we spend."
Mark Warner stated on January 25, 2011 in a TV interview.: The U.S. loses more on tax breaks than it collects in personal income taxes.
Paul Ryan stated on January 25, 2011 in a response to the State of the Union address: "The debt will soon eclipse our entire economy."
John Boehner stated on January 5, 2011 in a speech in the House of Representatives: "Our spending has caught up with us, and our debt soon will eclipse the entire size of our national economy."
Mark Warner stated on December 6, 2010 in a floor speech.: The national debt grew an estimated $15 billion last weekend.