The Government Shutdown: The Truth Test

10:54 PM, Oct 1, 2013   |    comments
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Democrats and Republicans are blaming each other for the budget stalemate. We decided to put their conflicting claims to the test.

President Obama scolded congressional Republicans for their part in the shutdown.

"This shutdown isn't about deficits or budgets. After all, our deficits are falling at the fastest pace in fifty years. We've cut them in half since I took office," the President said.

Under President Obama, the annual budget deficit skyrocketed, peaking at $1.4-trillion in 2009. That's more than three times higher than at any point in the previous administration.

But according to the Congressional Budget Office, the deficit is expected to shrink to roughly $642-billion this fiscal year. That would be a 54% decrease.

Sen. Rand Paul, (R) Kentucky, blasted runaway government spending.

"We're borrowing $30,000 every second," Sen. Paul said.

Sen. Paul's claim is largely true, but it's not using the most up-to-date data. Sen. Paul is basing his calculations on last year's trillion-dollar budget shortfall.

Based on the most current budget projects from the Congressional Budget Office, the country is borrowing roughly $20,000 every second.

 

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