Saturday, August 13, 2011

Keeping Up Appearances

Apparently Michele Bachmann was more concerned with keeping up appearances than she was in boning up on the issues for the latest Iowa GOP debate.
In a Twitter post that evening, Jennifer Jacobs, a Des Moines Register reporter, wrote, “Bachmann left the stage at every commercial break, even during the last one, when the Fox crew corralled her and asked her to stay,” and someone with knowledge of what happened confirmed that account. They said that Mrs. Bachmann insisted on leaving in order to touch up her makeup, even after Fox employees warned her that leaving during such short breaks was risky.
At least she looked good while falsely telling us that raising the debt ceiling gave Barack Obama a blank check to add more debt.
Michele Bachmann repeated a false claim that raising the debt ceiling
is giving Obama a $2.4 trillion "blank check." She also adds another
misleading statement that the debt-ceiling agreement — known as the
Budget Control Act of 2011 — will result in only "$21 billion in
illusory cuts."
Bachmann, Aug. 11: It was very important that we not raise the debt ceiling, because — consider what happened. The Congress gave Barack Obama a blank check for $2.4 trillion. What did the American people get in return? $21 billion in illusory cuts.

As we have written before, a "blank check" means unlimited spending. But the administration is limited under the agreement to new borrowing of between $2.1 trillion and $2.4 trillion, depending on future congressional actions, as the nonpartisan Congressional Budget Office explained in an Aug. 1 analysis of the deal. Also, the administration cannot spend money without congressional authorization. The borrowed money will go to pay obligations Congress has already approved or will approve.

As for the "$21 billion in illusory cuts," Bachmann is referring to the estimated impact on the federal deficit in the first year. The CBO estimates that the debt-ceiling agreement would reduce the federal deficit by $2.1 trillion over 10 years, including $756 billion over that time by capping discretionary spending.




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