Latest Half-True Fact-checks in Deficit Jim Renacci stated on June 12, 2012 in an online blog post: Obama has "racked up more debt than any president in history — over $5 trillion." Barack Obama stated on June 12, 2012 in a campaign ad: "When Mitt Romney was governor, Massachusetts ... (had) more debt per person than any other state in the country." Mitt Romney stated on May 16, 2012 in a speech in St. Petersburg, Fla.: National debt plus unfunded liabilities adds up to $520,000 per American household. Tim Kaine stated on December 7, 2011 in in a debate: George Allen and his colleagues in the Senate "turned the biggest surplus in the history of the United States into the biggest deficit in the history of the United States." Jim Renacci stated on April 5, 2012 in a campaign email: "Since President Obama took office, our federal spending has increased by nearly 30 percent and our national debt has increased by almost 50 percent." Joseph Kyrillos stated on February 1, 2012 in a speech at his campaign kickoff: "Senator Menendez said he would spend our money wisely. But our annual national deficit climbed from $250 billion a year to $1.6 trillion on his watch." Barry Hinckley stated on January 17, 2012 in a YouTube video: "Sheldon Whitehouse's failure of leadership, the adding of almost $8 trillion in debt in his first full term, is shameful..." Rick Santorum stated on January 19, 2012 in a Republican presidential primary debate: President Obama has "said he is going to cut veterans' benefits." George Nee stated on October 19, 2011 in a pension forum: "This is the first time in our state, and one of the first times in the country, where benefit reductions . . . has happened to people who are retired." Paul Ryan stated on October 9, 2011 in a television interview: Even a 100 percent tax on millionaires would only fund four months of government operations, failing to seriously address budget deficits and debt. Chris Christie stated on September 27, 2011 in a speech at the Ronald Reagan Presidential Library: Says his administration balanced "two budgets with over $13 billion in deficits without raising taxes." Bob Goodlatte stated on September 3, 2011 in a speech.: Thomas Jefferson expressed "strong support" for a balanced budget amendment in 1798. National Republican Senatorial Committee stated on August 23, 2011 in a news release: Sherrod Brown "has stood side by side" with President Barack Obama, presiding "over the most rapid increase in the debt over the last 2.5 years" and hurtling toward " the worst jobs record in the modern era." Rick Perry stated on August 13, 2011 in a campaign video on his website: Says the national debt and President Barack Obama's "refusal to control spending led to our nation's credit rating being downgraded for the first time in history." Adam Hasner stated on August 8, 2011 in a news release: "George LeMieux voted against the majority of Republicans and joined with Democrats to create a 'Task Force For Responsible Fiscal Action' that looks strikingly similar to the 'Super Committee' now being set up in Washington to justify massive tax hikes." Tom Coburn stated on July 24, 2011 in an interview on NBC's "Meet the Press": "The government's twice the size it was 10 years ago. It's 30 percent bigger than it was when (Barack) Obama became president." Barack Obama stated on July 31, 2011 in remarks from the White House: The debt ceiling deal will result in "the lowest level of annual domestic spending since Dwight Eisenhower was president." Leonard Lance stated on July 17, 2011 in a column: "Recently we have seen our government debt grow by $3.4 trillion during the first 29 months of the Obama administration -- the equivalent of about $4 billion per day." Debbie Wasserman Schultz stated on July 19, 2011 in debate on the floor of the U.S. House of Representatives: "The nonpartisan CBO, Congressional Budget Office, has said that the No. 1 policy decision that brought us to the need to prevent the nation from defaulting on our debt for the first time in history were the Bush tax cuts in 2001 and 2003." David Dewhurst stated on July 19, 2011 in a campaign video.: "This past (legislative) session, we passed out of the Legislature a resolution requiring Congress to pass a balanced-budget amendment to the (U.S.) Constitution." Paul Ryan stated on July 6, 2011 in a radio interview: Says the U.S. borrows "42 cents of every dollar Washington spends today and about half of that comes from countries like China." Crossroads GPS stated on July 14, 2011 in a television ad: "Our country's got this huge debt, and (President Barack) Obama says raise taxes and keep spending more." Barack Obama stated on July 12, 2011 in an interview with CBS News: Social Security and other federal checks may not go out on Aug. 3 if the debt ceiling is not increased. Barack Obama stated on July 6, 2011 in a Twitter Town Hall: Says that when President Bill Clinton raised the top tax rates to levels now proposed by Obama, the country experienced significant job growth. Mark Warner stated on June 27, 2011 in an interview with The Wall Street Journal.: "If you look at our tax mix, the share of corporate revenues as a percentage of our overall revenue mix has declined by about half over the last 30 years." Steny Hoyer stated on June 1, 2011 in an interview on MSNBC's "The Daily Rundown": "We went from a $5.6 trillion surplus that George Bush inherited to over ... $11-plus trillion debt when George Bush left office." Amy Kremer stated on May 17, 2011 in an interview on "The Colbert Report": "We bring in enough tax revenue to service our debt, pay for Medicare and Medicaid and Social Security, and then still have about $300 (billion) or $400 billion left over." Gerry Connolly stated on April 15, 2011 in a press release.: Rep. Paul Ryan’s Medicare plan "lines the pockets of the private insurance companies," increases costs for seniors and does not reduce the deficit. Marcy Kaptur stated on April 6, 2011 in a radio interview: General Electric "hasn't really created any jobs in this country, doesn't pay any taxes, and they're making historic profits." Barack Obama stated on April 13, 2011 in a speech: "By the end of this decade, the interest we owe on our debt could rise to nearly $1 trillion."
Jim Renacci stated on June 12, 2012 in an online blog post: Obama has "racked up more debt than any president in history — over $5 trillion." Barack Obama stated on June 12, 2012 in a campaign ad: "When Mitt Romney was governor, Massachusetts ... (had) more debt per person than any other state in the country." Mitt Romney stated on May 16, 2012 in a speech in St. Petersburg, Fla.: National debt plus unfunded liabilities adds up to $520,000 per American household. Tim Kaine stated on December 7, 2011 in in a debate: George Allen and his colleagues in the Senate "turned the biggest surplus in the history of the United States into the biggest deficit in the history of the United States." Jim Renacci stated on April 5, 2012 in a campaign email: "Since President Obama took office, our federal spending has increased by nearly 30 percent and our national debt has increased by almost 50 percent." Joseph Kyrillos stated on February 1, 2012 in a speech at his campaign kickoff: "Senator Menendez said he would spend our money wisely. But our annual national deficit climbed from $250 billion a year to $1.6 trillion on his watch." Barry Hinckley stated on January 17, 2012 in a YouTube video: "Sheldon Whitehouse's failure of leadership, the adding of almost $8 trillion in debt in his first full term, is shameful..." Rick Santorum stated on January 19, 2012 in a Republican presidential primary debate: President Obama has "said he is going to cut veterans' benefits." George Nee stated on October 19, 2011 in a pension forum: "This is the first time in our state, and one of the first times in the country, where benefit reductions . . . has happened to people who are retired." Paul Ryan stated on October 9, 2011 in a television interview: Even a 100 percent tax on millionaires would only fund four months of government operations, failing to seriously address budget deficits and debt. Chris Christie stated on September 27, 2011 in a speech at the Ronald Reagan Presidential Library: Says his administration balanced "two budgets with over $13 billion in deficits without raising taxes." Bob Goodlatte stated on September 3, 2011 in a speech.: Thomas Jefferson expressed "strong support" for a balanced budget amendment in 1798. National Republican Senatorial Committee stated on August 23, 2011 in a news release: Sherrod Brown "has stood side by side" with President Barack Obama, presiding "over the most rapid increase in the debt over the last 2.5 years" and hurtling toward " the worst jobs record in the modern era." Rick Perry stated on August 13, 2011 in a campaign video on his website: Says the national debt and President Barack Obama's "refusal to control spending led to our nation's credit rating being downgraded for the first time in history." Adam Hasner stated on August 8, 2011 in a news release: "George LeMieux voted against the majority of Republicans and joined with Democrats to create a 'Task Force For Responsible Fiscal Action' that looks strikingly similar to the 'Super Committee' now being set up in Washington to justify massive tax hikes." Tom Coburn stated on July 24, 2011 in an interview on NBC's "Meet the Press": "The government's twice the size it was 10 years ago. It's 30 percent bigger than it was when (Barack) Obama became president." Barack Obama stated on July 31, 2011 in remarks from the White House: The debt ceiling deal will result in "the lowest level of annual domestic spending since Dwight Eisenhower was president." Leonard Lance stated on July 17, 2011 in a column: "Recently we have seen our government debt grow by $3.4 trillion during the first 29 months of the Obama administration -- the equivalent of about $4 billion per day." Debbie Wasserman Schultz stated on July 19, 2011 in debate on the floor of the U.S. House of Representatives: "The nonpartisan CBO, Congressional Budget Office, has said that the No. 1 policy decision that brought us to the need to prevent the nation from defaulting on our debt for the first time in history were the Bush tax cuts in 2001 and 2003." David Dewhurst stated on July 19, 2011 in a campaign video.: "This past (legislative) session, we passed out of the Legislature a resolution requiring Congress to pass a balanced-budget amendment to the (U.S.) Constitution." Paul Ryan stated on July 6, 2011 in a radio interview: Says the U.S. borrows "42 cents of every dollar Washington spends today and about half of that comes from countries like China." Crossroads GPS stated on July 14, 2011 in a television ad: "Our country's got this huge debt, and (President Barack) Obama says raise taxes and keep spending more." Barack Obama stated on July 12, 2011 in an interview with CBS News: Social Security and other federal checks may not go out on Aug. 3 if the debt ceiling is not increased. Barack Obama stated on July 6, 2011 in a Twitter Town Hall: Says that when President Bill Clinton raised the top tax rates to levels now proposed by Obama, the country experienced significant job growth. Mark Warner stated on June 27, 2011 in an interview with The Wall Street Journal.: "If you look at our tax mix, the share of corporate revenues as a percentage of our overall revenue mix has declined by about half over the last 30 years." Steny Hoyer stated on June 1, 2011 in an interview on MSNBC's "The Daily Rundown": "We went from a $5.6 trillion surplus that George Bush inherited to over ... $11-plus trillion debt when George Bush left office." Amy Kremer stated on May 17, 2011 in an interview on "The Colbert Report": "We bring in enough tax revenue to service our debt, pay for Medicare and Medicaid and Social Security, and then still have about $300 (billion) or $400 billion left over." Gerry Connolly stated on April 15, 2011 in a press release.: Rep. Paul Ryan’s Medicare plan "lines the pockets of the private insurance companies," increases costs for seniors and does not reduce the deficit. Marcy Kaptur stated on April 6, 2011 in a radio interview: General Electric "hasn't really created any jobs in this country, doesn't pay any taxes, and they're making historic profits." Barack Obama stated on April 13, 2011 in a speech: "By the end of this decade, the interest we owe on our debt could rise to nearly $1 trillion."
Jim Renacci stated on June 12, 2012 in an online blog post: Obama has "racked up more debt than any president in history — over $5 trillion."
Barack Obama stated on June 12, 2012 in a campaign ad: "When Mitt Romney was governor, Massachusetts ... (had) more debt per person than any other state in the country."
Mitt Romney stated on May 16, 2012 in a speech in St. Petersburg, Fla.: National debt plus unfunded liabilities adds up to $520,000 per American household.
Tim Kaine stated on December 7, 2011 in in a debate: George Allen and his colleagues in the Senate "turned the biggest surplus in the history of the United States into the biggest deficit in the history of the United States."
Jim Renacci stated on April 5, 2012 in a campaign email: "Since President Obama took office, our federal spending has increased by nearly 30 percent and our national debt has increased by almost 50 percent."
Joseph Kyrillos stated on February 1, 2012 in a speech at his campaign kickoff: "Senator Menendez said he would spend our money wisely. But our annual national deficit climbed from $250 billion a year to $1.6 trillion on his watch."
Barry Hinckley stated on January 17, 2012 in a YouTube video: "Sheldon Whitehouse's failure of leadership, the adding of almost $8 trillion in debt in his first full term, is shameful..."
Rick Santorum stated on January 19, 2012 in a Republican presidential primary debate: President Obama has "said he is going to cut veterans' benefits."
George Nee stated on October 19, 2011 in a pension forum: "This is the first time in our state, and one of the first times in the country, where benefit reductions . . . has happened to people who are retired."
Paul Ryan stated on October 9, 2011 in a television interview: Even a 100 percent tax on millionaires would only fund four months of government operations, failing to seriously address budget deficits and debt.
Chris Christie stated on September 27, 2011 in a speech at the Ronald Reagan Presidential Library: Says his administration balanced "two budgets with over $13 billion in deficits without raising taxes."
Bob Goodlatte stated on September 3, 2011 in a speech.: Thomas Jefferson expressed "strong support" for a balanced budget amendment in 1798.
National Republican Senatorial Committee stated on August 23, 2011 in a news release: Sherrod Brown "has stood side by side" with President Barack Obama, presiding "over the most rapid increase in the debt over the last 2.5 years" and hurtling toward " the worst jobs record in the modern era."
Rick Perry stated on August 13, 2011 in a campaign video on his website: Says the national debt and President Barack Obama's "refusal to control spending led to our nation's credit rating being downgraded for the first time in history."
Adam Hasner stated on August 8, 2011 in a news release: "George LeMieux voted against the majority of Republicans and joined with Democrats to create a 'Task Force For Responsible Fiscal Action' that looks strikingly similar to the 'Super Committee' now being set up in Washington to justify massive tax hikes."
Tom Coburn stated on July 24, 2011 in an interview on NBC's "Meet the Press": "The government's twice the size it was 10 years ago. It's 30 percent bigger than it was when (Barack) Obama became president."
Barack Obama stated on July 31, 2011 in remarks from the White House: The debt ceiling deal will result in "the lowest level of annual domestic spending since Dwight Eisenhower was president."
Leonard Lance stated on July 17, 2011 in a column: "Recently we have seen our government debt grow by $3.4 trillion during the first 29 months of the Obama administration -- the equivalent of about $4 billion per day."
Debbie Wasserman Schultz stated on July 19, 2011 in debate on the floor of the U.S. House of Representatives: "The nonpartisan CBO, Congressional Budget Office, has said that the No. 1 policy decision that brought us to the need to prevent the nation from defaulting on our debt for the first time in history were the Bush tax cuts in 2001 and 2003."
David Dewhurst stated on July 19, 2011 in a campaign video.: "This past (legislative) session, we passed out of the Legislature a resolution requiring Congress to pass a balanced-budget amendment to the (U.S.) Constitution."
Paul Ryan stated on July 6, 2011 in a radio interview: Says the U.S. borrows "42 cents of every dollar Washington spends today and about half of that comes from countries like China."
Crossroads GPS stated on July 14, 2011 in a television ad: "Our country's got this huge debt, and (President Barack) Obama says raise taxes and keep spending more."
Barack Obama stated on July 12, 2011 in an interview with CBS News: Social Security and other federal checks may not go out on Aug. 3 if the debt ceiling is not increased.
Barack Obama stated on July 6, 2011 in a Twitter Town Hall: Says that when President Bill Clinton raised the top tax rates to levels now proposed by Obama, the country experienced significant job growth.
Mark Warner stated on June 27, 2011 in an interview with The Wall Street Journal.: "If you look at our tax mix, the share of corporate revenues as a percentage of our overall revenue mix has declined by about half over the last 30 years."
Steny Hoyer stated on June 1, 2011 in an interview on MSNBC's "The Daily Rundown": "We went from a $5.6 trillion surplus that George Bush inherited to over ... $11-plus trillion debt when George Bush left office."
Amy Kremer stated on May 17, 2011 in an interview on "The Colbert Report": "We bring in enough tax revenue to service our debt, pay for Medicare and Medicaid and Social Security, and then still have about $300 (billion) or $400 billion left over."
Gerry Connolly stated on April 15, 2011 in a press release.: Rep. Paul Ryan’s Medicare plan "lines the pockets of the private insurance companies," increases costs for seniors and does not reduce the deficit.
Marcy Kaptur stated on April 6, 2011 in a radio interview: General Electric "hasn't really created any jobs in this country, doesn't pay any taxes, and they're making historic profits."
Barack Obama stated on April 13, 2011 in a speech: "By the end of this decade, the interest we owe on our debt could rise to nearly $1 trillion."