The Weekly Standard: “I’ve put forward a specific $4 trillion deficit-reduction plan,”
President Obama said during his debate with Mitt Romney on Wednesday night. “It’s on a website. You can look at all the numbers, what cuts we make and what revenue we raise.”
ABC’s Jon Karl correctly calls Obama’s claim “mostly fiction.”
Does President Obama have a plan to cut the deficit by $4 trillion?
No. The “$4 trillion plan” he is referring to includes about $1 trillion Congress has already agreed to and $1 trillion in savings from ending the wars in Iraq and Afghanistan, which are already ending.
This would be Mostly Fiction.
The Washington Post: Obama’s claim is “simply not accurate,” and pointed out that “virtually no serious budget analyst agreed” with the administration’s accounting.