Statements about Debt

 "Forty-six cents of every dollar" Ohio could get for Medicaid expansion "is going to come from China or some other country that doesn’t like us very much."

Historically, the Social Security tax has been assessed on about 90% of U.S. income. Now it captures 83% because there's been such a growth of income among the highest earners.

"Expanding Medicaid would require borrowing more money, drastically expanding our deficit."

Wars in Afghanistan and Iraq have cost every U.S. family $45,000.

Says opponents of proposed Austin school district bonds say the district’s "debt load doubles with these new bonds."

"If anyone should know irresponsible it should be Senator Buono. She’s the one, her budget left us with a $2 billion budget deficit in fiscal 10 that I had to fix. Her mistakes. And for fiscal year 2011 an $11 billion budget deficit. Her mistakes, along with her partner Jon Corzine."

"Rick Scott has paid down our debt by about $2 billion. Charlie Crist’s debt went up about $5 billion."

The national debt is "larger than our entire annual economy."

"Our debt now is about $140,000 per household."

"Quite frankly, it was during the Bush years of spending, multiplied now by the Obama years that we have this mess."

Cobb is one of the largest school systems (in the nation) that is debt free.

In a budget deal struck in 2011 "a trillion dollars of cuts went into effect immediately, and then a special committee was set up ... to get agreement on another $3 trillion of cuts."

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."

Says if Congress doesn’t avoid the sequester, "tens of thousands of parents will have to scramble to find child care for their kids."

Says, "when this governor came to office, he had (an) 11 billion dollar  - I call it mismanagement – deficit."

"The only time in our history when the debt has been higher than this was the end of World War II."

Says "If Oregon’s Legislature simply authorizes $450 million for the CRC, it will … leave Oregon holding the bag for a great deal more cost responsibility."

"The last time Republicans held hostage a resolution to ensure that our country’s bills were paid cost us more than $1 billion in added interest and slowed the economic recovery."

"Even if you took literally every single ounce of platinum in the world, it still wouldn’t add up to enough needed to pay down our nation’s debt."

"In the four years before I became governor, we increased state debt $5.2 billion. We've paid it down $2 billion."

Advertisement
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:
Subscribe:

Keep up to date with Politifact National: