Claim: Democrats and Republicans alike are making grandiose — and unsupportable — claims that the budget deal contains the biggest spending cut in U.S. history. Under the bipartisan agreement, the proposed budget for this fiscal year would be $38.5 billion less than last year's budget. The federal government spent nearly $3.5 trillion in 2010, so the cut is a little more than 1 percent of total spending. President Barack Obama called it "the biggest annual spending cut in history."
Fact-check: Biggest Budget Cut in U.S. History? - FactCheck.org
Verdict: democrats and republicans alike are making grandiose — and unsupportable — claims that the budget deal contains the biggest spending cut in u.s. history. under the bipartisan agreement, the proposed budget for this fiscal year would be $38.5 billion less than last year's budget. the federal government spent nearly $3.5 trillion in 2010, so the cut is a little more than 1 percent of total spending. president barack obama called it "the biggest annual spending cut in history."
Organisation: FactCheck.org
Author: Eugene Kiely
Date published: 2011-04-13T17:20:08