TuTu Monroe
A Realist
Friday, January 29, 2010
Fact-Checking the President in Baltimore [Daniel Foster]
In this video, a bemused President Obama
responds to a claim by Rep. Jeb Hensarling (R., Texas) that monthly deficits under the Democrat-controlled Congress exceed the annual deficits accrued by Republican Congresses from 1996 to 2007:
Obama calls for "independent fact check" of Hensarling factual statement
Beginning at about 3:33, the president says: "When you say that suddenly, I've got a monthly . . . deficit that's higher than the annual deficit left by the Republicans . . . that's factually just not true. And you know it's not true."
At 5:08, the president says "I am happy to have any independent fact-checker out there take a look at your presentation versus mine in terms of the accuracy of what I just said."
Obama is right. Monthly deficits under the recent Democratic Congresses don't exceed annual deficits under those Republican Congresses. But they come pretty darn close.
Hensarling's comments likely emerged from a release issued by the Republican Study Committee just yesterday, showing that the total accumulated deficit from Republican-controlled budgets from FY 1996-FY 2007 (and factoring in the substantial surpluses run from 1998-2001) stands at just under $1.246 trillion. The deficit run by Democratic-controlled Congresses in just three years — starting with FY2008 and including the latest CBO
projections for FY 2010 — is already $3.222 trillion.
That means that over twelve years of Republican rule, there was an average annual budget deficit of about $104 billion. Compare that with an average annual deficit since 2008 of $1.074 trillion — or about $90 billion per month.
No need to trust the GOP document either. The CBO has all the data in a handy downloadable spreadsheet here.
The Corner/National Review

Fact-Checking the President in Baltimore [Daniel Foster]
In this video, a bemused President Obama

Obama calls for "independent fact check" of Hensarling factual statement
At 5:08, the president says "I am happy to have any independent fact-checker out there take a look at your presentation versus mine in terms of the accuracy of what I just said."
Obama is right. Monthly deficits under the recent Democratic Congresses don't exceed annual deficits under those Republican Congresses. But they come pretty darn close.
Hensarling's comments likely emerged from a release issued by the Republican Study Committee just yesterday, showing that the total accumulated deficit from Republican-controlled budgets from FY 1996-FY 2007 (and factoring in the substantial surpluses run from 1998-2001) stands at just under $1.246 trillion. The deficit run by Democratic-controlled Congresses in just three years — starting with FY2008 and including the latest CBO

That means that over twelve years of Republican rule, there was an average annual budget deficit of about $104 billion. Compare that with an average annual deficit since 2008 of $1.074 trillion — or about $90 billion per month.
No need to trust the GOP document either. The CBO has all the data in a handy downloadable spreadsheet here.
The Corner/National Review