Claim: McCain said that Obama has proposed $860 billion in new spending. That's based on a McCain campaign estimate of how much Obama's new proposals will cost, without figuring in any savings or reductions in spending. Any increase in funding and any created program counts as "new spending" in this estimate, whether or not it is offset by decreases in spending elsewhere. A more traditional, and arguably more useful, measure of spending is how much a given candidate's proposals will increase the federal deficit.
Fact-check: More on that $860 billion - FactCheck.org
Verdict: mccain said that obama has proposed $860 billion in new spending. that's based on a mccain campaign estimate of how much obama's new proposals will cost, without figuring in any savings or reductions in spending. any increase in funding and any created program counts as "new spending" in this estimate, whether or not it is offset by decreases in spending elsewhere. a more traditional, and arguably more useful, measure of spending is how much a given candidate's proposals will increase the federal deficit.
Organisation: FactCheck.org
Author: Jess Henig
Date published: 2008-10-07T16:23:14