Statements about Debt
"The price tag amounted to nearly $4,200 for every man, woman and child in the state."
"If lawmakers fail to avert the fiscal cliff, 18 percent of the federal money that is sent to the states will be eliminated."
"Every American now is $51,000 in debt. That’s money I owe, that’s money my children owe before they even go to kindergarten, that’s their check to the federal government right now."
"We borrow $4 billion every single day, much of it from China."
"There are more oil rigs in operation in the United States than the rest of the world combined."
"Repealing and replacing Obamacare – that’s going to save $1 trillion over a 10-year period."
President Barack Obama’s "spending drove us $5 trillion deeper in debt."
Says under U.S. Sen. Robert Menendez’s watch the nation’s unemployment rate and debt doubled and the federal budget deficit quadrupled.
U.S. Sen. Sheldon Whitehouse "rewarded Wall Street executives with millions in bonuses."
"(Barack Obama) says he’s going to reduce the long-term debt and deficit by $4 trillion, doesn’t say how he's going to do it."
Deficit spending ‘exploded during the Obama administration’ to $5.3 trillion over four years, compared to $2 trillion in eight years under President George W. Bush.
"Over the last four years, the deficit has gone up, but 90 percent of that is as a consequence of" President George W. Bush’s policies and the recession.
Says Barack Obama has added $16 trillion to the national debt.
The national debt of $16 trillion, is "enough to buy both the Cleveland Indians and Cincinnati Reds 1,918 times."
"Since President Obama took office, over 88,000 Ohio workers have lost their jobs."
"President Obama has no plan to reduce the deficit, let alone pay down the debt."
"The president went on a stimulus-fueled spending binge that stuck every American man, woman and child with a $50,000 share of this $16 trillion debt."
David Cicilline was "required to provide key information about city finances to an independent outside auditor. The deadlines were clear -- yet [he intentionally] missed them by months" until after the November 2010 election.
$50,000. That's what every child owes today because Washington politicians have run up a huge spending tab and left our kids the bill."
How to contact us:
We want to hear your suggestions and comments. For tips or comments on our campaign promise database, please e-mail the Obameter. If you are commenting on a specific promise, please include the promise number. For comments about our Truth-O-Meter or Flip-O-Meter items, please e-mail the Truth-O-Meter. We’re especially interested in seeing any chain e-mails you receive that you would like us to check out. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.
Browse the The Truth-O-MeterTM:
Browse The Obameter:
Keep up to date with Politifact National: