Claim: Club for Growth exaggerates when it claims Sen. Richard Lugar voted to bail out New York City "back in the 1970s" at a cost of $9.4 billion. Lugar was mayor of Indianapolis when Congress passed the famous 1975 New York City bailout. He did vote for a 1978 bill that provided the city with $1.65 billion in federal loan guarantees — but it cost federal taxpayers $0. The main point of the ad is also exaggerated.
Fact-check: Did Lugar 'Bail Out' NYC? - FactCheck.org
Verdict: club for growth exaggerates when it claims sen. richard lugar voted to bail out new york city "back in the 1970s" at a cost of $9.4 billion. lugar was mayor of indianapolis when congress passed the famous 1975 new york city bailout. he did vote for a 1978 bill that provided the city with $1.65 billion in federal loan guarantees — but it cost federal taxpayers $0. the main point of the ad is also exaggerated.
Organisation: FactCheck.org
Author: Eugene Kiely
Date published: 2011-07-18T18:56:42