In another phony AP "fact check"... they reported that Obama's explanation of the "origins of our deficit problem" is "airtight" in its accuracy. They quoted Obama as saying that in 2000 America was on its way to becoming debt-free. They gave Obama's explanation their "highest accuracy rating."
Yes, that is true that the federal government had a surplus in the nineties, but AP snipped off Obama's entire quote about the origins of our deficit:
We went from deficit to surplus. America was actually on track to becoming completely debt-free, and we were prepared for the retirement of the Baby Boomers.
But after Democrats and Republicans committed to fiscal discipline during the 1990s, we lost our way in the decade that followed. We increased spending dramatically for two wars and an expensive prescription drug program – but we didn’t pay for any of this new spending. Instead, we made the problem worse with trillions of dollars in unpaid-for tax cuts – tax cuts that went to every millionaire and billionaire in the country; tax cuts that will force us to borrow an average of $500 billion every year over the next decade."
Obama's blame for Bush and for tax cuts is completely untrue. Leave it for a slimy rag like Associated Press to spin a completely untrue statement as completely true. Obama is to blame. AP is flat-out wrong. Proof: