To summarize:
Rigell said that the national debt was $75 trillion in 2010 and is projected to be $99 trillion in 2011 when unfunded entitlement costs are factored into the equation.
But his numbers are not based on actual totals of entitlement spending and the debt in any given year. His figures are based on pessimistic 75-year projections of what it would cost to continue entitlement programs under present-day conditions. A lot can change over 75 years.
Rigell is mischaracterizing the nation’s debt level.
We rate his claim False.
http://www.politifact.com/virginia/statements/2011/jun/09/scott-rigell/rep-rigell-says-us-debt-could-hit-99-trillion-year/
Republican is mischaracterizing the nation’s debt level..... Fear politics folks
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Republican is mischaracterizing the nation’s debt level..... Fear politics folks
posted at 6/9/2011 7:03 PM EDT
- beKool
- Posts: 4683
- First: 1/30/2011
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Re: Republican is mischaracterizing the nation’s debt level..... Fear politics folks
posted at 6/10/2011 6:31 AM EDT
- pymus1
- Posts: 544
- First: 6/30/2009
- Last: 6/11/2011
Yeah - I hear we have tons of cash to throw around. Great times are here! Everyone is so happy. No problems whatsoever! -
Re: Republican is mischaracterizing the nation’s debt level..... Fear politics folks
posted at 6/10/2011 8:53 AM EDT
- KittyDuke
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- First: 3/17/2011
- Last: 1/9/2012
A poor attempt to minimize the financial crisis the nation faces. And it's not at all excerbated by Obama spending like a fool to bring socialism and big government to greater and more dangerous heights.