Tag Archive: federal deficit

Is health care the ‘single biggest factor’ driving down the budget deficit?

“Obama said the cost of “health care is now the single-biggest factor driving down” the federal budget deficit. … We rate Obama’s claim Mostly True.” —PolitiFact, from an Oct. 8, 2014 fact check of President Obama   Overview The mainstream fact checker PolitiFact exemplifies inconsistency with its fact check of President Obama. The Facts On Oct. 8, 2014, PolitiFact published a…
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The Obama deficit increase a myth?

“Myth:  President Obama has increased the deficit” —DNC’s “Your Republican Uncle” website, Nov. 27, 2013     Overview The deficit claim is true, in a radically oversimplified and misleading way. The Facts The DNC was able to explain the myth and then some in two sentences: Since President Obama took office, the deficit as a percentage of GDP has been…
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Geppettos for nothing (chicks for free?)

“From what we know now, [Jason] Furman’s statement stands up to scrutiny. He earns a rare Geppetto Checkmark.” —Glenn Kessler the Washington Post Fact Checker, Nov. 11, 2013   Overview Furman’s statement needs more scrutiny. The Facts The Washington Post Fact Checker, Glenn Kessler, posted a fact check of a White House economic adviser on November 11, 2013. The adviser,…
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Is the federal deficit ‘falling at fastest rate in 60 years’?

“Today, our businesses have created 7.3 million new jobs over the last 41 months. We now sell more products made in America to the rest of the world than ever before. We produce more renewable energy than ever, and more natural gas than anyone. Health care costs are growing at the slowest rate in 50 years. And our deficits are…
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Deficit reduction under President Clinton by raising taxes on the rich?

President Obama:  “But as I’ve said before, we can’t just cut our way to prosperity.  If we’re serious about reducing the deficit, we have to combine spending cuts with revenue — and that means asking the wealthiest Americans to pay a little more in taxes.  (Applause.) That’s how we did it in the 1990s, when Bill Clinton was President.”  …
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