Senate Democrats

DPCC Fact Check: We Rate This Kyl Statement “Half True”

 
TRUE: Kyl Says GOP’s Own Budget Increases National Debt By Trillions of Dollars. “The Ryan Budget That Passed The House and that most of us on the Republican side voted for over here adds $5 trillion to the debt over the next ten years.”  [Kyl Floor Statement, 6/27/11]

  • House GOP Budget Would Raise the Debt By More Than 60%, to $23.1 Trillion. The federal debt ceiling currently stands at $14.3 trillion. Under the House Republican budget, the amount of public debt subject to the limit would be $23.1 trillion in Fiscal Year 2021, meaning the GOP plan forces an $8.8 trillion in additional debt – an increase of more than 60% – over ten years. [H. Con. Res. 34 (Page 5); Los Angeles Times, 4/15/11]
  • LA Times: ‘Do House Republicans Realize They Just Endorsed a Higher Debt Limit?’“As far as I could tell, no amendments were offered to reduce the levels of spending outlined in the budget to hold that level of debt at or below $14.3 trillion. So, I guess that means Republicans won’t object to raising the current debt ceiling within the next few weeks so that the federal government can honor the commitments it has already made?” [Los Angeles Times, 4/15/11]

FALSE: Kyl Says GOP’s Budget Increases National Debt By Only $5 Trillion. “The Ryan Budget That Passed The House and that most of us on the Republican side voted for over here adds $5 trillion to the debt over the next ten years.”  [Kyl Floor Statement, 6/27/11]

  • GOP Budget Called For Almost $9 Trillion Worth of Debt Limit Increases Over the Next Ten Years. [H. Con. Res. 34]
 

Debt Subject to the Debt Limit Under House GOP Budget

Current Limit $14.31 Trillion
FY 2012 $16.20 Trillion
FY 2013 $17.18 Trillion
FY 2014 $17.95 Trillion
FY 2015 $18.70 Trillion
FY 2016 $19.50 Trillion
FY 2017 $20.25 Trillion
FY 2018 $20.97 Trillion
FY 2019 $21.70 Trillion
FY 2020 $22.41 Trillion
FY 2021 $23.10 Trillion
Total Increase:                          $8.8 Trillion

 

 

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