Statements about Deficit

The Export-Import Bank "doesn’t cost taxpayers anything."

Under current policies, "we're going to reduce the overall debt of the United States by $3 trillion over the next 10 years."

"Woodrow Wilson borrowed $30 billion to fund World War I in 1917. That money has not been paid back. And we are still paying interest on it."

"We went from $160 billion deficit spending in (President George W.) Bush's last year to $1.6 trillion the following year."

The sequester has "already lost 1.6 million jobs."

Says "our deficits are falling at the fastest rate in 60 years."

Food stamp spending "doubled under President Bush, doubled again under President Obama."  

"In the last two years, we have reduced the deficit by $2.5 trillion."

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."

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

President Barack Obama’s "spending drove us $5 trillion deeper in debt."

Says President Obama has "doubled" the deficit.

Says Romney wants to add $2 trillion to the defense budget that the military hasn’t asked for.

Says Obama promised to cut the deficit in half.

Obama says he’s "put forward a specific $4 trillion deficit reduction plan."

"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 his budget plan "would cut our deficits by $4 trillion."

"When Mitt Romney was governor, Massachusetts ... (had) more debt per person than any other state in the country."

Says in the 2012 State of the Union address, President Obama "didn't even mention the deficit or debt."

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