A Texas-size Whopper
February 1, 2010
Texas Rep. Jeb Hensarling, at a nationally televised meeting of House Republicans in Baltimore, accused President Obama to his face of running up deficits a dozen times greater than the GOP’s. The president said, "That’s factually just not true, and you know it’s not true," and he invited "any independent fact-checker out there" to assess which man got the facts right.
OK, we will.
We have to score this one for Obama. Hensarling told a Texas-size whopper — and then tried to claim Republican credit for Blll Clinton’s budget surpluses.
Let’s look at exactly what was said, and what the facts show.
Hensarling said that under Obama, "what were the old annual deficits under Republicans have now become the monthly deficits under Democrats."
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He issued a news release the same day, stating that the average deficit was only $104 billion "in the 12 years that Republicans controlled the House." Republicans controlled the House during the last six years of President Bill Clinton’s administration (regularly voting against his budget bills). During that time, the U.S. was in the longest sustained economic boom in its history, and the federal government ran budget surpluses in fiscal 1998, 1999, 2000 and 2001 (the last year for which Clinton signed the spending and tax legislation). Hensarling’s accounting also avoids GOP responsibility for the last two years of Bush’s deficits, on grounds that Democrats took control of the House in January 2007.
Obama’s Spin
We can’t stop with criticizing only Hensarling, however. The president invited a comparison of "your presentation versus mine." And the president tends to pick the rosiest figures available when talking about budget matters. For one thing, he claimed to have inherited a slightly higher deficit than CBO was predicting.
Obama: Now, look, let’s talk about the budget once again, because I’ll go through it with you line by line. The fact of the matter is, is that when we came into office, the deficit was $1.3 trillion. — $1.3 So when you say that suddenly I’ve got a monthly budget that is higher than the — 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.
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http://factcheck.org/2010/02/a-texas-size-whopper/