Latest Fact-checks in Debt Facebook posts stated on August 25, 2022 in a post: Student debt relief is taxable by the Internal Revenue Service. Facebook posts stated on August 15, 2022 in una publicación en Facebook: “El congreso acaba de aprobar un reciente proyecto de ley para todos los que tengan más de $10,000 de deuda”. Glenn Grothman stated on May 21, 2022 in Newsletter: "Nearly 60% of all student loan debt is held by the rich and upper-middle class," so forgiveness would give the wealthy a "financial windfall" but not really help low-income people. Brian Kemp stated on May 10, 2022 in an ad: "David Perdue voted with liberals” for $10 trillion “in new debt, his out-of-control federal spending is driving inflation through the roof." Joe Biden stated on May 10, 2022 in remarks at the White House: “My Treasury Department is planning to pay down the national debt this quarter, which never happened under my predecessor.” Ron DeSantis stated on April 29, 2022 in a press conference: “The student debt that is out there, almost 60% of it is graduate school debt.” X posts stated on April 5, 2022 in a tweet: “With the money Elon Musk spent to buy Twitter shares, he could have given every American family $100,000 and still had enough left over to cancel all student debt.” Abby Finkenauer stated on December 9, 2021 in a tweet: Chuck Grassley was “voting to slash Medicare” when voting against the debt ceiling bill. Kevin McCarthy stated on November 18, 2021 in a House floor speech: “Never in American history has so much been spent at one time. Never in American history will so many taxes be raised and so much borrowing be needed to pay for this reckless spending.” Joe Biden stated on October 6, 2021 in remarks at the White House: “Raising the debt limit is paying our old debts. It has nothing to do with new spending.” Joe Biden stated on October 4, 2021 in a speech: “Raising the debt limit is usually a bipartisan undertaking.” Rick Scott stated on September 23, 2021 in an op-ed: “Democrats are responsible for the massive spending and debt growth, they alone need to take responsibility for raising the debt limit.” JB Pritzker stated on July 21, 2021 in a podcast interview: “You can't actually use ARPA (American Rescue Plan Act) funds” to pay down state unemployment insurance fund deficits. Nikki Haley stated on June 28, 2021 in a Facebook post: “The national debt is now bigger than our economy. That hasn’t happened since World War Two – and we’re in peacetime. Joe Biden is digging a hole America can never fill.” Facebook posts stated on May 25, 2021 in a Facebook post: “The Biden administration has decided to cancel $0 in student debt.” Tom Nelson stated on April 11, 2021 in Twitter: "Since 2010, student debt has increased by 102% and real wages have fallen by over 8%.” Ted Cruz stated on October 26, 2020 in an interview: Says Trump “didn’t campaign on cutting the debt” … “That’s not what he promised to do.” Donald Trump stated on October 14, 2020 in a discussion with business leaders: Speaking of the federal debt before the coronavirus pandemic, “we were starting to get that number down.” Nancy Pelosi stated on June 28, 2020 in ABC News’ “This Week”: Federal aid for state and local governments through a proposed coronavirus relief bill would amount to “half of what the Republicans put onto the national debt.” Rand Paul stated on May 6, 2020 in an interview: $3 trillion for federal coronavirus stimulus packages is "being borrowed basically from China." Facebook posts stated on February 28, 2020 in a Facebook post: “I pay $165 a month on my student loans for the next 13 years to pay them off. With Bernie Sanders’ plan, my student loans will be forgiven. I’ll only have to pay $450 extra in taxes a month for the next 25 years to make sure I’ll have no more student debt.” Veronica Escobar stated on February 4, 2020 in a speech: “The president has exploded the debt by more than $3 trillion — all to give billion-dollar tax cuts to the wealthiest few.” Facebook posts stated on November 19, 2019 in a Facebook post: Says Jeff Foxworthy wrote a list of examples explaining how "you might live in a nation that was founded by geniuses but is run by idiots." Elizabeth Warren stated on November 20, 2019 in a debate: "Today in America — a new study came out — 20 years out, whites who borrowed money, 94% of them have paid off their student loan debt; 5% of African Americans have paid it off." Bernie Sanders stated on June 24, 2019 in Press conference in Washington D.C.: "Forty years ago, a federal Pell Grant paid for nearly 80% of tuition, fees, room and board at a four-year college." Donna Campbell stated on May 15, 2019 in in a tweet: "Local Government debt in Texas has increased nearly 40% in the past 5 years." Kamala Harris stated on March 6, 2019 in a news release: "College debt has increased 170 percent since 2006 and now exceeds $1.5 trillion dollars, which is second only to mortgage debt and surpasses even credit card debt." Chip Roy stated on February 27, 2019 in a hearing for the House Oversight and Government Reform Committee: "We amass about $100 million in debt per hour, which means we've blown through 300, 400, 450 million dollars during this charade." Bloggers stated on December 9, 2018 in a Facebook post: Says "Cost of Mueller’s investigation: $3,200,000; Benghazi "investigation": $7,000,000; Trump’s golfing trips: $83,000,000; New debt from Republican tax bill: $1,500,000,000,000." Bloggers stated on October 18, 2018 in posts on the Internet: "Canada Pays Off Entire Federal Debt One Day After Marijuana Legalization"
Facebook posts stated on August 25, 2022 in a post: Student debt relief is taxable by the Internal Revenue Service. Facebook posts stated on August 15, 2022 in una publicación en Facebook: “El congreso acaba de aprobar un reciente proyecto de ley para todos los que tengan más de $10,000 de deuda”. Glenn Grothman stated on May 21, 2022 in Newsletter: "Nearly 60% of all student loan debt is held by the rich and upper-middle class," so forgiveness would give the wealthy a "financial windfall" but not really help low-income people. Brian Kemp stated on May 10, 2022 in an ad: "David Perdue voted with liberals” for $10 trillion “in new debt, his out-of-control federal spending is driving inflation through the roof." Joe Biden stated on May 10, 2022 in remarks at the White House: “My Treasury Department is planning to pay down the national debt this quarter, which never happened under my predecessor.” Ron DeSantis stated on April 29, 2022 in a press conference: “The student debt that is out there, almost 60% of it is graduate school debt.” X posts stated on April 5, 2022 in a tweet: “With the money Elon Musk spent to buy Twitter shares, he could have given every American family $100,000 and still had enough left over to cancel all student debt.” Abby Finkenauer stated on December 9, 2021 in a tweet: Chuck Grassley was “voting to slash Medicare” when voting against the debt ceiling bill. Kevin McCarthy stated on November 18, 2021 in a House floor speech: “Never in American history has so much been spent at one time. Never in American history will so many taxes be raised and so much borrowing be needed to pay for this reckless spending.” Joe Biden stated on October 6, 2021 in remarks at the White House: “Raising the debt limit is paying our old debts. It has nothing to do with new spending.” Joe Biden stated on October 4, 2021 in a speech: “Raising the debt limit is usually a bipartisan undertaking.” Rick Scott stated on September 23, 2021 in an op-ed: “Democrats are responsible for the massive spending and debt growth, they alone need to take responsibility for raising the debt limit.” JB Pritzker stated on July 21, 2021 in a podcast interview: “You can't actually use ARPA (American Rescue Plan Act) funds” to pay down state unemployment insurance fund deficits. Nikki Haley stated on June 28, 2021 in a Facebook post: “The national debt is now bigger than our economy. That hasn’t happened since World War Two – and we’re in peacetime. Joe Biden is digging a hole America can never fill.” Facebook posts stated on May 25, 2021 in a Facebook post: “The Biden administration has decided to cancel $0 in student debt.” Tom Nelson stated on April 11, 2021 in Twitter: "Since 2010, student debt has increased by 102% and real wages have fallen by over 8%.” Ted Cruz stated on October 26, 2020 in an interview: Says Trump “didn’t campaign on cutting the debt” … “That’s not what he promised to do.” Donald Trump stated on October 14, 2020 in a discussion with business leaders: Speaking of the federal debt before the coronavirus pandemic, “we were starting to get that number down.” Nancy Pelosi stated on June 28, 2020 in ABC News’ “This Week”: Federal aid for state and local governments through a proposed coronavirus relief bill would amount to “half of what the Republicans put onto the national debt.” Rand Paul stated on May 6, 2020 in an interview: $3 trillion for federal coronavirus stimulus packages is "being borrowed basically from China." Facebook posts stated on February 28, 2020 in a Facebook post: “I pay $165 a month on my student loans for the next 13 years to pay them off. With Bernie Sanders’ plan, my student loans will be forgiven. I’ll only have to pay $450 extra in taxes a month for the next 25 years to make sure I’ll have no more student debt.” Veronica Escobar stated on February 4, 2020 in a speech: “The president has exploded the debt by more than $3 trillion — all to give billion-dollar tax cuts to the wealthiest few.” Facebook posts stated on November 19, 2019 in a Facebook post: Says Jeff Foxworthy wrote a list of examples explaining how "you might live in a nation that was founded by geniuses but is run by idiots." Elizabeth Warren stated on November 20, 2019 in a debate: "Today in America — a new study came out — 20 years out, whites who borrowed money, 94% of them have paid off their student loan debt; 5% of African Americans have paid it off." Bernie Sanders stated on June 24, 2019 in Press conference in Washington D.C.: "Forty years ago, a federal Pell Grant paid for nearly 80% of tuition, fees, room and board at a four-year college." Donna Campbell stated on May 15, 2019 in in a tweet: "Local Government debt in Texas has increased nearly 40% in the past 5 years." Kamala Harris stated on March 6, 2019 in a news release: "College debt has increased 170 percent since 2006 and now exceeds $1.5 trillion dollars, which is second only to mortgage debt and surpasses even credit card debt." Chip Roy stated on February 27, 2019 in a hearing for the House Oversight and Government Reform Committee: "We amass about $100 million in debt per hour, which means we've blown through 300, 400, 450 million dollars during this charade." Bloggers stated on December 9, 2018 in a Facebook post: Says "Cost of Mueller’s investigation: $3,200,000; Benghazi "investigation": $7,000,000; Trump’s golfing trips: $83,000,000; New debt from Republican tax bill: $1,500,000,000,000." Bloggers stated on October 18, 2018 in posts on the Internet: "Canada Pays Off Entire Federal Debt One Day After Marijuana Legalization"
Facebook posts stated on August 25, 2022 in a post: Student debt relief is taxable by the Internal Revenue Service.
Facebook posts stated on August 15, 2022 in una publicación en Facebook: “El congreso acaba de aprobar un reciente proyecto de ley para todos los que tengan más de $10,000 de deuda”.
Glenn Grothman stated on May 21, 2022 in Newsletter: "Nearly 60% of all student loan debt is held by the rich and upper-middle class," so forgiveness would give the wealthy a "financial windfall" but not really help low-income people.
Brian Kemp stated on May 10, 2022 in an ad: "David Perdue voted with liberals” for $10 trillion “in new debt, his out-of-control federal spending is driving inflation through the roof."
Joe Biden stated on May 10, 2022 in remarks at the White House: “My Treasury Department is planning to pay down the national debt this quarter, which never happened under my predecessor.”
Ron DeSantis stated on April 29, 2022 in a press conference: “The student debt that is out there, almost 60% of it is graduate school debt.”
X posts stated on April 5, 2022 in a tweet: “With the money Elon Musk spent to buy Twitter shares, he could have given every American family $100,000 and still had enough left over to cancel all student debt.”
Abby Finkenauer stated on December 9, 2021 in a tweet: Chuck Grassley was “voting to slash Medicare” when voting against the debt ceiling bill.
Kevin McCarthy stated on November 18, 2021 in a House floor speech: “Never in American history has so much been spent at one time. Never in American history will so many taxes be raised and so much borrowing be needed to pay for this reckless spending.”
Joe Biden stated on October 6, 2021 in remarks at the White House: “Raising the debt limit is paying our old debts. It has nothing to do with new spending.”
Joe Biden stated on October 4, 2021 in a speech: “Raising the debt limit is usually a bipartisan undertaking.”
Rick Scott stated on September 23, 2021 in an op-ed: “Democrats are responsible for the massive spending and debt growth, they alone need to take responsibility for raising the debt limit.”
JB Pritzker stated on July 21, 2021 in a podcast interview: “You can't actually use ARPA (American Rescue Plan Act) funds” to pay down state unemployment insurance fund deficits.
Nikki Haley stated on June 28, 2021 in a Facebook post: “The national debt is now bigger than our economy. That hasn’t happened since World War Two – and we’re in peacetime. Joe Biden is digging a hole America can never fill.”
Facebook posts stated on May 25, 2021 in a Facebook post: “The Biden administration has decided to cancel $0 in student debt.”
Tom Nelson stated on April 11, 2021 in Twitter: "Since 2010, student debt has increased by 102% and real wages have fallen by over 8%.”
Ted Cruz stated on October 26, 2020 in an interview: Says Trump “didn’t campaign on cutting the debt” … “That’s not what he promised to do.”
Donald Trump stated on October 14, 2020 in a discussion with business leaders: Speaking of the federal debt before the coronavirus pandemic, “we were starting to get that number down.”
Nancy Pelosi stated on June 28, 2020 in ABC News’ “This Week”: Federal aid for state and local governments through a proposed coronavirus relief bill would amount to “half of what the Republicans put onto the national debt.”
Rand Paul stated on May 6, 2020 in an interview: $3 trillion for federal coronavirus stimulus packages is "being borrowed basically from China."
Facebook posts stated on February 28, 2020 in a Facebook post: “I pay $165 a month on my student loans for the next 13 years to pay them off. With Bernie Sanders’ plan, my student loans will be forgiven. I’ll only have to pay $450 extra in taxes a month for the next 25 years to make sure I’ll have no more student debt.”
Veronica Escobar stated on February 4, 2020 in a speech: “The president has exploded the debt by more than $3 trillion — all to give billion-dollar tax cuts to the wealthiest few.”
Facebook posts stated on November 19, 2019 in a Facebook post: Says Jeff Foxworthy wrote a list of examples explaining how "you might live in a nation that was founded by geniuses but is run by idiots."
Elizabeth Warren stated on November 20, 2019 in a debate: "Today in America — a new study came out — 20 years out, whites who borrowed money, 94% of them have paid off their student loan debt; 5% of African Americans have paid it off."
Bernie Sanders stated on June 24, 2019 in Press conference in Washington D.C.: "Forty years ago, a federal Pell Grant paid for nearly 80% of tuition, fees, room and board at a four-year college."
Donna Campbell stated on May 15, 2019 in in a tweet: "Local Government debt in Texas has increased nearly 40% in the past 5 years."
Kamala Harris stated on March 6, 2019 in a news release: "College debt has increased 170 percent since 2006 and now exceeds $1.5 trillion dollars, which is second only to mortgage debt and surpasses even credit card debt."
Chip Roy stated on February 27, 2019 in a hearing for the House Oversight and Government Reform Committee: "We amass about $100 million in debt per hour, which means we've blown through 300, 400, 450 million dollars during this charade."
Bloggers stated on December 9, 2018 in a Facebook post: Says "Cost of Mueller’s investigation: $3,200,000; Benghazi "investigation": $7,000,000; Trump’s golfing trips: $83,000,000; New debt from Republican tax bill: $1,500,000,000,000."
Bloggers stated on October 18, 2018 in posts on the Internet: "Canada Pays Off Entire Federal Debt One Day After Marijuana Legalization"