Fact-checking Obama’s claim that federal deficits are falling at the fastest rate in 60 years
Don’t tell your conservative friends about THIS STUFF from PolitiFact.com. It will only confuse them.
President Barack Obama aimed to refocus the national debate and put the economy front and center with a speech at Knox College in Illinois. It was the same place he spoke as a senator in 2005 about the need for the government to help the middle class. He stuck to that theme in this speech, but now as president, he summarized the improvements that have come on his watch.
He talked about millions of new jobs, burgeoning energy production, and the nation’s improving balance sheet. “Our deficits are falling at the fastest rate in 60 years,” Obama told the crowd.
In light of Obama’s ongoing battle with Republicans over taxes and spending, we thought this would be an interesting claim to examine. In this factcheck, we look at whether we are really seeing one of the most rapid declines in the deficit in many decades.
We rate the statement True.