Topic: Debt

Barack Obama
Consumer Reports uncovers the real cost of ObamaCare
Thousands of people have received notices that their insurance policies are being terminated because they do not meet the minimum standards.  These are typically junk policies that are not really insurance at all.
Paul Broun
Braun claims federal report says Obamacare will increase the long-term federal deficit by $6.2 trillion.
The Federal report he quotes actually says that the health care law could cause the federal deficit to increase if cost-savings measures are phased out over time. But if the law is fully implemented, it could actually lower the deficit over time.
Barack Obama
How many of Obama's campaign promises has he kept?
PolitiFact has compiled more than 500 promises that Barack Obama made during the 2008 and 2012 campaigns and is tracking their progress on our Obameter45 percent were kept and 25 percent were compromised.  Check it out.

"The economy bled $24 billion" due to the government shutdown.
Prominent forecasts of the loss range from $16 billion to $24 billion. The exact cost is still unknown due to ongoing uncertainty and putting a damper on growth. Doonesbury, aka Garry Trudeau chose to use the high but defensible estimate from an independent source.

Barack Obama
Says "our deficits are falling at the fastest rate in 60 years."
While economists vary on how to best measure that decline, the president used an acceptable approach and his numbers are accurate.
Barack Obama
"President Reagan raised the debt ceiling 18 times. George W. Bush did it seven times."
Raising the debt ceiling has been an issue repeatedly tackled by Republicans and Democrats alike.
Kathleen Sebelius
Medicaid spending declined by 1.9 percent in 2012, the second such decline in 47 years.
Stats by Obama official are true. She was making a much larger point: That Medicaid costs might not increase as rapidly as some had predicted, even though they will still go higher.
"Obama Signs Bill Forgiving All Student Loan Debt."
Obama has taken executive action and called for passage of a student-loan refinancing bill now pending in the Senate,but there is no reason to think anyone is considering forgiving all student debts.  This is just a lie to defame Obama and scare people.
Barack Obama
How does the deficit and spending compare in Bush and Obama administrations?
Charts from Budget of the United States Government: Historical Tables Fiscal Year 2015 show spending by Bush increased 88%, while spending increased only 3.78% under Obama.  Deficit increased to $1.4 trillion under Bush.  Under Obama deficits have been reduced by about half to $.6 trillion.  We have gone from losing around 850,000 jobs a month under Bush, to gaining over 200,000 jobs a month under Obama.
How has the size of the Obama government compare to that of recent Republican administrations?
Presidents Reagan, Bush I, and Bush II all dealt with recessions by growing the government and increasing local and government jobs.  But under Obama federal, state, and local government has declined by more than half a million workers in the last three years.
Bernie Sanders Vt Senate
Bernie Sanders says tax share paid by corporations has fallen from 33% to 9% since 1952
True, however tax rates and rules have changed. Most business income is now taxed through the individual income tax code, rather than the corporate code. Between 1980 and 2010, business income income has increased fivefold, from $320 billion to more than $1.6 trillion.
Barack Obama
"When I took office, the deficit was nearly 10 percent of our economy. Today, it's approaching 3 percent."
Actually, the deficit reached 10 percent of the economy several months after Obama took office, not on his first day. Data is only available for fiscal years. For fiscal year 2009, the deficit as a percentage of GDP was 9.8 percent, while the projected percentage for fiscal year 2014 is 3.7 percent.
Business Insider reviews the history of taxes and economy and shares THE TRUTH ABOUT TAXES.
"Historical analysis shows that for most of the century, including some boom times, top-bracket income tax rates were much higher than they are today.".. "History shows super-high tax rates on rich people do not appear to hurt the economy.".. "Periods of very low tax rates have been followed by periods with very high tax rates, and vice versa. So history suggests that tax rates will soon start going up."
Janet Yellen Economist
Yellen, American economist and Chair of the Board of Governors of the Federal Reserve System, says "inequality is downright un-American" and has "ill effects on the economy."
"Income and wealth inequality are near their highest levels in the past hundred years." Her comments come after the Swiss bank Credit Suisse recently warned that inequality in the U.S. is at levels that have been associated with recessions in the past.
Barack Obama
Barack Obama's 2015 State of the Union address: annotated.
PolitiFact reviewed the state of the Union speech line by line.  Click the icon to review each point.
Barack Obama
"We've seen the fastest economic growth in over a decade, our deficits cut by two thirds, a stock market that has doubled and health care inflation at its lowest rate in 50 years."
This is a quote from the 2015 State of the Union message. Obama deserves full credit for reducing deficits by 2/3 since he took office during a major recession, but forecasters do expect some increases in the near future.
Barack Obama
"Too many bright, striving Americans are priced out of the education they need." 2015 State of the Union address.
PolitiFact validated a claim that, "In 1978, a student who worked a minimum-wage summer job could afford to pay a year's full tuition at the 4-year public university." Obama's point is that the current minimum wage now prohibits the American dream.
Mark Warner D-va
Warner says "America now has $1.1 trillion of student debt. That’s more than credit card debt."
The total U.S. credit card debt in the first quarter of 2014 was $659 billion.  Student debt surpassed credit card debt in 2010 and the disparity has been increasing ever since.
Donald Trump
June Trump Truthfulness average is "Mostly False."
As of June 10, 2016, PolitiFact has reviewed 154 statements by Donald Trump. Twelve (12) were true or mostly true. Forty nine (49) were 1/2 True of Mostly-False.  And Ninety three (93) were False or Pants-on-Fire. Below are just a few:


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