Debt growing faster than economy
"The U.S. is borrowing approximately $2.52 for every $1 of economic growth so far in 2012."
— Politifact New Jersey on Sunday, June 3rd, 2012
He said what he said and he didn't do it.
Obama promised to cut the deficit by half by the end of his first term but he "hasn't even come close."
— Politifact Florida on Thursday, May 17th, 2012
Truth-O-Meter rewards this claim for precision
"The Democrat-controlled Senate, it hasn't passed a budget in more than 1,000 days."
— Politifact Ohio on Thursday, April 26th, 2012
But a rosier scenario also exists
Says the Congressional Budget Office has estimated "every penny of the federal budget will go to interest on the debt and entitlement spending by 2025."
— Politifact Virginia on Monday, April 23rd, 2012
No quick fix to balance the books
The Buffett Rule "will bring in less than $5 billion per year. ... Enough to pay one week’s interest on the national debt."
— Politifact Ohio on Monday, April 23rd, 2012
The numbers add up
"The national debt is equal to $48,700 for every American or $128,300 for every U.S. household. It is now equivalent to the size of our entire economy."
— Politifact Virginia on Friday, February 3rd, 2012
That disparity is real
A typical married couple "will contribute $119,000" into Medicare but will "receive $357,000 in Medicare benefits over their lifetimes."
— Politifact Tennessee on Tuesday, January 24th, 2012
The national debt increased $16,000 every second George Allen served in the U.S. Senate.
— Politifact Virginia on Thursday, December 8th, 2011
U.S. spending is nearly half the world's total
Says military expenditures for the United States are greater than the combined spending of the next 14 largest nations.
— Politifact Ohio on Monday, December 5th, 2011
Three Februarys ago
Says Barack Obama promised to halve the deficit in his first term.
— Politifact Texas on Friday, December 2nd, 2011
Warner adds by deducting
The U.S. would gain revenue by cutting personal income tax rates in half and ending tax breaks.
— Politifact Virginia on Friday, November 25th, 2011
Nearly the size of the economy
"When the national debt reaches $15 trillion, it means that U.S. debt-to-GDP ratio will reach 99.7 percent of our debt and this is $47,900 for every living American."
— Politifact New Jersey on Monday, November 21st, 2011
Although some say it was 17 times
"Ronald Reagan raised the national debt 18 times."
— Politifact Virginia on Saturday, November 12th, 2011
Ratio for one-income couples is even more skewed
"A couple retiring today will pay about $119,000 in lifetime Medicare taxes and receive about $357,000 in lifetime Medicare benefits. ... about 3 bucks in benefits for every dollar in taxes."
— Politifact Ohio on Tuesday, November 8th, 2011
There's a reason it's called a 'boom'
"We have 10,000 baby boomers retiring every day."
— Politifact Ohio on Monday, September 26th, 2011
No turbulence on this claim.
"Two days of interest we pay to China is enough to buy one joint strike fighter [jet]."
— Politifact Georgia on Friday, September 9th, 2011
His numbers are solid
"The estimated savings of this (debt ceiling) deal only pay for half of the cost of extending all of the Bush-era tax cuts for another decade."
— Politifact Virginia on Monday, August 29th, 2011
The feds delivered the mail back then, but not much else.
"The federal government is spending 25 percent of our entire economy versus 100 years ago we spent only 2 percent."
— Politifact Wisconsin on Sunday, July 31st, 2011
Deficit was projected at $1.2 trillion, then Obama added to it
"The deficit was on track to top $1 trillion the year I took office."
— Politifact National on Wednesday, July 27th, 2011
Congress has been shy about long-term committments
"Thirty-four of the last 44 (debt ceiling increases) have been for less than a year. So, this notion that short-term is somehow the exception, it's actually the rule."
— Politifact Ohio on Wednesday, July 27th, 2011