Claim: Says Barack Obama "said when he was running for office four years ago that he would halve the annual deficit by the end of his first term. That simply has not happened."
Fact-check: Barack Obama broke promise to cut annual deficit in half by the end of his first term, Rep. Leonard Lance says
Verdict: true
Organisation: PolitiFact
Author: Bill Wichert
Date published: 2012-10-21T00:00:00