A little fact-checking of debate statements

October 3, 2012 Presidential debate videos embedded in seven parts @

http://www.therightscoop.com/obama-vs-romney-presidential-debate-open-thread/

H/t to Pistol Pete for the link. The CSB graphics used here are already up at Webshots. I’m just reusing them.

TRUTH: During the first 3 minutes of Part Two, Romney says,

The president said he’d cut the deficit in half. Unfortunately, he doubled it. Trillion dollar deficits for the past four years. The president has put in almost as much debt held by the public as all prior presidents combined.”

LIE: Shortly after, at about 2:30, Obama says,

“When I walked into the Oval Office, I had more than a trillion dollar deficit greeting me.”

When Obama walked into the Oval Office, the 2009 budget that greeted him had been signed in 2008 by President Bush. But it had been passed by a Democrat-majority Congress, of which Senator Obama was a part. That budget contained a projected deficit of about $500 Billion.

The total deficit for 2009 rose to the “more than a trillion dollar” ONLY AFTER the Democrat-majority Congress and PRESIDENT BARACK OBAMA passed the 2009 stimulus spending bill, an act that ADDED more than $800 Billion to that year’s deficit.

Obama also says, “We know where it came from”, and couches all the blame in such a way that Democrats are totally blameless … which is a lie. As you can see in the graph above, under the Republican-majority Congress, the deficits were coming DOWN. It was only after Democrats won control of the House and Senate, under Pelosi and Reid (with Obama in the Senate), that federal “credit card” spending sky-rocketed.

8 Comments

Filed under Barack Obama, Debates, Democrats, Harry Reid, Mitt Romney, Nancy Pelosi, National Debt, Republicans

8 responses to “A little fact-checking of debate statements

  1. Speaking of budgets, Joe Biden has been President of the Senate for nearly four years, while the Senate has not passed a budget since FY 2009. The Senate has gone three full Fiscal Years (2010, 2011, 2012) without a budget, and we have now started a fourth Fiscal Year without a budget (FY 2013 began October 1, 2012).

    I hope Paul Ryan asks Joe Biden why Joe hasn’t presided over the Senate on a DAILY basis until they pass a budget. They are required by law to pass a budget, and we are supposedly a Constitutional Republic, ruled by the rule of law.

    Biden, Mr. President of the Senate, should be held personally accountable for the Senate’s failure to pass a budget for three (going on four) straight Fiscal Years.

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  2. Raw Data:
    ==========================================================================
    http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm
    Date Dollar Amount
    09/29/1995 $4,973,982,900,709.39

    http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
    Date Dollar Amount
    09/30/2007 $9,007,653,372,262.48

    http://www.treasurydirect.gov/NP/BPDLogin?application=np
    Date Total Public Debt Outstanding
    09/28/2012 $16,066,241,407,385.89
    ==========================================================================

    The Republican majorities elected in the November 1994 elections were sworn in January 3, 1995 and the FY 1995 budget was already in place. The first Republican majority budget from that Congress was FY 1996.

    From FY 1996-2007, Republican majorities passed the budget.
    How much debt was added to the total national debt over those twelve fiscal years?
    (09/30/2007 $9,007,653,372,262.48) – (09/29/1995 $4,973,982,900,709.39) = $4,033,670,471,553.09 over 12 years.

    Republicans majorities added $4T to the total national debt over 12 fiscal years.
    (Average $336,139,205,962.76 per year)

    The Democrat majorities elected in the November 2006 elections were sworn in January 3, 2007 and the FY 2007 budget was already in place. The first Democrat majority budget from that Congress was FY 2008.

    From FY 2008-present, Democrat majorities have beeen in control. They passed two budgets, FY 2008 and FY 2009, but have failed to pass a budget for FY 2010, 2011, 2012, or 2013. How much debt was added to the total national debt over the first five fiscal years that Democrats have held majority control?
    (09/28/2012 $16,066,241,407,385.89) – (09/30/2007 $9,007,653,372,262.48) = $7,058,588,035,123.41 over 5 fiscal years.

    Democrat majorities added $7T to the total national debt over 5 fiscal years.
    (Average $1,411,717,607,024.68 per year)

    Now compare the two averages… $1,412 Billion per year under Democrat majorities vs. $336 Billion per year under Republican majoritites.

    Democrat Average / Republican Average =
    $1,411,717,607,024.68 / $336,139,205,962.76 = 4.1998 = 419.98%

    Rounding, the Average Democrat-majority new debt over the last 5 Fiscal Years (FY 2008-2012) has been 4.2 times as much as (i.e., 420% of) the Average Republican-majority new debt over the prior 12 Fiscal Years (FY 1996-2007).

    Democrats more than quadrupled the annual additions to our total national debt.

    It’s time for a CHANGE.

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    • chrissythehyphenated

      Mitt was being extremely generous in saying Obama only doubled the deficit. Obama was part of the cadre of Democrats who took the last Republican deficit of less than $200 Billion and ran it up to over a $1Trillion. That’s QUINTuple.

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      • There are two ways of looking at the “deficit”:

        1) Amount of new debt added to the total national debt during the Fiscal Year. (That’s what I’m using above, and the quadrupling relates to Dem majories vs. Republican majorites, not specifically the transition from Bush to Obama.)

        2) The Deficit as reported by the White House Office of Management and Budget. http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist01z1.xls
        Using that, the numbers look even worse for Democrats. The last budget passed by a Republican House, Republican Senate, and signed by a Republican President was FY 2007 with an OMB-reported deficit of less than $161 Billion.
        (in millions of dollars)
        2007 -160,701
        2008 -458,553
        2009 -1,412,688
        2010 -1,293,489
        2011 -1,299,595
        2012 estimate -1,326,948

        Mitt’s claim appears to be comparing the last budget signed by Bush (FY 2008, $459B deficit) to the first budget signed by Obama (FY 2009, $1,413B or $1.413T deficit). There have ben no officially passed budgets for the last three fiscal years, but there are still the realities of revenues and expenditures. The average deficit reported by the OMB for FY 2009-2012 is $1,333B, which is 2.9 times the FY 2008 (Pelosi-Reid-Bush) deficit. Not quite triple, but way more than double. And when you compare Obama’s average to the all-Republican FY 2007, his average deficits reported by the OMB are a whopping 8.3 times the size of the FY 2007 deficit, which was reported as $161B.

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        • chrissythehyphenated

          Oh, I get that, Red. I just thought it bore emphasizing that the deficits under the Bush with GOP Congress had dropped to below $200, you know, because of how BHO et al continue to blame the Eeeeeeeeeevil Boooooosh for “the mess” Obama allegedly “inherited.” He didn’t inherit it. He helped make it.

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          • One could truthfully say that George W. Bush “inherited” a mess when he was inaugurated becuase his first day in elected office in the Federal Government was his first day as President, Jan 20, 2001.

            Bush inherited the Dot Com Bust (which was the first hit to our economy). And I would argue that Bush also inherited the 9/11/2001 attacks, which were the second hit to our economy. Things did not really improve economically until the 2003 Bush Tax Cuts started turning things around, raising employment and raising tax revenues.

            Obama’s first day in elected office in the Federal Government was his first day as Senator, Jan 3, 2005. You are absolutely right that he helped create the economy that existed when he took office as President. Obama was a voting member of the Democrat majority that increased spending in FY 2008 and FY 2009. He played an active role in creating those deficits.

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