“The largest contributor to the debt ceiling, or to our deficit, has been the Trump tax cuts.”
Search Results (366) for: debt
The Dispatch→ The Case for Moderate Optimism on the Debt Ceiling
Speaker of the House Kevin McCarthy. (Photo by Saul Loeb/AFP/Getty Images.)A pep talk to myself.The post The Case for Moderate Optimism on the Debt Ceiling appeared first on The Dispatch.
PolitiFact→ Viral image – Biden’s debt comments taken out of context
“Biden smirks while saying he has added more to the debt than any president before him.”
Lead Stories→ Fact Check: Biden DID Say He Added More Debt — But He Was Talking About Previous Administration
Did President Joe Biden say during a January 26, 2023, event that "No president added more to the debt in four years than my president"? Yes, that's true: But a social media video of his comment is missing context. Just before this remark
Truth or Fiction?→ Trump’s Tax Cuts and the National Debt
On January 25 2023, a Reddit account shared a screenshot of a tweet by musician and political blogger Jeff Tiedrich to r/WhitePeopleTwitter, asserting that former United States President Donald Trump’s tax cuts were “responsible for”
PolitiFact→ Joe Biden – Joe Biden blames Donald Trump for one quarter of today’s debt, ignores context
“One quarter” of today’s $31.4 trillion federal debt “was accumulated in the four years of my predecessor,” Donald Trump.
The Dispatch→ Our Best Stuff from the Week We Hit the Debt Ceiling
The national debt clock. (Photo by Fatih Aktas/Anadolu Agency/Getty Images)Plus, more on George Santos and the last word (we hope) on gas stoves. The post Our Best Stuff from the Week We Hit the Debt Ceiling appeared first on The Dispatch.
The Dispatch→ The Coming Debt Ceiling Standoff
Rep. Chip Roy and Rep. Patrick McHenry walk to a closed-door GOP caucus meeting at the U.S. Capitol. (Photo by Drew Angerer/Getty Images)Republicans want to rein in spending but can’t agree on exactly what to ask for. The post The Coming Debt Ceiling
PolitiFact→ The debt limit fight: Why does it matter? How could it be resolved?
If the limit isn’t raised or suspended, the U.S. won’t be able to cover its bills — checks to older Americans and veterans and payments to bondholders. A default would ripple through the U.S. economy and global financial markets. How can it be av
Washington Post→ McCarthy puts a spin on spending math to justify debt limit fight
The House speaker relied on numbers that don’t tell the full story of what happened — and how the GOP-controlled Congress boosted spending.
The Dispatch→ Understanding the Debt Ceiling Debate
WASHINGTON, DC - JANUARY 10: U.S. Treasury Secretary Janet Yellen meets with colleagues. (Photo by Kevin Dietsch/Getty Images)Lawmakers gear up for yet another fight over raising the debt limit.The post Understanding the Debt Ceiling Debate appeared fi
PolitiFact→ Hakeem Jeffries – Hakeem Jeffries said a U.S. debt limit default would be a historical first. He’s mostly right.
A “default on our debt” would be unprecedented in American history.
The Dispatch→ Fact Checking Biden’s Claim That He ‘Signed a Law’ to Provide Student Debt Relief
He did not. The post Fact Checking Biden’s Claim That He ‘Signed a Law’ to Provide Student Debt Relief appeared first on The Dispatch.
Lead Stories→ Fact Check: Fake ‘FDR Relief Program’ Will NOT Pay Off $25K Of Credit Card Debt
Does a federal financial relief program bearing the initials of former President Franklin Delano Roosevelt wipe out $25,000 or more in credit card debt for Americans? No, that's not true: Lead Stories found no evidence that the purported
PolitiFact→ Tim Ryan – Tim Ryan opposes Biden’s student debt plan. He previously supported debt relief
On supporting student debt relief.
Snopes→ CBO: Biden’s Student Debt Plan Would Cost $400 Billion
The figures were released Monday in response to a request from Republican lawmakers.
PolitiFact→ Joe Biden – Joe Biden leaves out context in ‘60 Minutes’ comment on debt reduction
“This year, it's going to be over $1.5 trillion (that we’ve) reduced the debt."
Lead Stories→ Fact Check: NO Evidence That Debt Jubilee ‘Officially Declared’ For Death Of Queen Elizabeth II
Was a debt jubilee, the cancellation of a broad range of debts from the public record, "officially declared" after Queen Elizabeth II's death? No, that's not true: At the time of writing, no such announcement has been made. The man who po
Poynter→ Is Joe Biden’s student debt forgiveness plan legal?
President Joe Biden has made a long-awaited decision on how to handle student debt. On Aug. 24 Biden announced that his administration will waive student loan debt for qualifying Americans […] The post Is Joe Biden’s student debt forgiveness pl
PolitiFact→ Is Joe Biden’s student debt forgiveness plan legal?
President Joe Biden plans to forgive between $10,000 and $20,000 of student debt for qualifying borrowers. But is that legal? We look at the confusing legal battlefield for student debt relief.
Lead Stories→ Fact Check: Biden Student Debt Relief Dollars Will NOT Be Taxed by IRS
Does the student loan forgiveness program announced by the Biden administration on August 25, 2022, treat canceled student debt as taxable income? No, that's not true. Although debt cancellation is usually considered taxable, the Biden st
AllSides→ Did Pelosi Say the President Does Not Have ‘the Power for Debt Forgiveness’?
https://www.snopes.com/fact-check/pelosi-power-debt-forgiveness/ Shortly after U.S. President Joe Biden
AllSides→ Ted Cruz Says Student Debt Relief Costs $2,100 Per Taxpayer
https://www.newsweek.com/fact-check-ted-cruz-says-student-debt-relief-costs-2100-per-taxpayer-1737293 R
Snopes→ Did Pelosi Say the President Does Not Have ‘the Power for Debt Forgiveness’?
The House speaker also allegedly said that debt forgiveness “has to be an act of Congress.”
PolitiFact→ The Democrats’ overstated claim that the Inflation Reduction Act curbs debt, inflation
The major Democratic bill on climate change, health care and corporate taxation signed by President Joe Biden was dubbed the Inflation Reduction Act, but independent analysts caution against assuming it will have a major impact on inflation.
Truth or Fiction?→ Was Pretty Boy Floyd ‘Known for Destroying Mortgage Papers on Heists, Freeing Hundreds … from Debt’?
On August 5 2022, an Imgur user shared a meme about the historical figure “Pretty Boy Floyd,” an outlaw who purportedly destroyed records of mortgage debt in the course of heists: The image combined two memes, one featuring the claim about
Lead Stories→ Fact Check: It’s NOT True That Without Your Written Consent Debt Collectors Can’t Buy Your Debt, ‘Come After You’
Is it true that debt collection agencies cannot buy your debt and "come after you" without your written consent? No, that's not true: Although they must follow strict communication guidelines, debt collectors can purchase debt and pursue
Snopes→ Some Medical Debt is Being Removed from US Credit Reports
The three major U.S. credit reporting companies will stop counting paid medical debt on the reports that banks, potential landlords and others use to judge creditworthiness.
Lead Stories→ Fact Check: There Is NO Financial Pardon Act Eliminating Over $15,000 In Debt For Americans
Is there a financial pardon act eliminating over $15,000 in individual debt for Americans? No, that's not true: The claim is an advertisement for a "reference tool" that Internet users can use to supposedly find financial assistance. The
PolitiFact→ Glenn Grothman – Grothman mostly right on who would benefit from student loan debt forgiveness
"Nearly 60% of all student loan debt is held by the rich and upper-middle class," so forgiveness would give the wealthy a "financial windfall" but not really help low-income people.
Lead Stories→ Fact Check: There Is NO Government Program Erasing Debts Over $10,000 For Americans
Is there a government program that is erasing debts for Americans with more than $10,000 in debt? No, that's not true: A video that implies that there is a government program in which Americans can receive such debt relief is just an adve
Snopes→ Student Loan Debt: The $1.6 Trillion Problem Dividing Democrats
Joe Biden faces a fight from within his own party in solving the mounting student loan crisis and fulfilling a campaign promise.
Truth or Fiction?→ Becky Lynn Paige ‘Parents Divorce Due to Medical Debt’ Tweet
On May 12 2022, an Imgur account shared a purported screenshot of a tweet by a woman who said that her parents had divorced after 52 years — so that her mother would not inherit her father’s medical debt after his death: On a patterned ba
PolitiFact→ Joe Biden – Fact-checking Joe Biden on paying down the federal debt
“My Treasury Department is planning to pay down the national debt this quarter, which never happened under my predecessor.”
PolitiFact→ Ron DeSantis – Ron DeSantis exaggerates outstanding graduate student loan debt
“The student debt that is out there, almost 60% of it is graduate school debt.”
Snopes→ Did Biden Say He Was Planning to Forgive All Student Loan Debt?
The president has repeatedly extended the pandemic pause on loan repayments.
Truth or Fiction?→ ‘Credit Bureaus to Strip 70% of Unpaid Medical Debt’
On March 18 2022, a “big if true” CNBC headline suggesting that credit bureaus were planning to remove medical debts from consumer credit reports made the rounds on social media: US Credit Bureaus to strip 70% of unpaid medical d
Full Fact→ More older people have financial debt—but fewer are actually struggling
The Labour Party research is likely to raise concern that many pensioners had been struggling financially before this year’s cost-of-living squeeze struck. The Express, 15 February 2022. An article in the Express shared analysis from the Labour
Lead Stories→ Fact Check: It Is NOT Illegal For Agency To Buy Consumer Debt
Is it illegal for a debt collection agency to buy a consumer's debt from the original creditor, and can a consumer remove accounts from their report simply by disputing them? Not exactly: Debt collection via the purchasing of debt from th
Truth or Fiction?→ The Online Trick to ‘Send Student Loan Debt Collectors Packing’
Social media users relying on a graphic circulating online in January 2022 to hold student loan debt collectors at bay should be wary. The graphic, which surfaced in January 2022, pushes the claim that a person had “sent four student loan debt co