The Enid News and Eagle, Enid, OK

ENE Xtra

October 4, 2012

In stats-filled debate, who said what -- and was it true?

(Continued)

DENVER —

Obama often claims that his deficit-reduction plan has the "balanced approach" of the Simpson-Bowles deficit commission proposal; the Simpson-Bowles plan is actually quite different.

For instance, Simpson-Bowles envisioned $4 trillion in debt reduction over nine years; the president's plan would spread the cuts over 10 years. A good chunk of the savings from deficit reduction piles up in that last year. When the two plans are compared apples to apples, Simpson-Bowles yields about $6.6 trillion in deficit reduction — 50 percent more than Obama's plan.

By Obama's math, you have nearly $3.8 trillion in spending cuts, compared with $1.5 trillion in tax increases (letting the Bush tax cuts expire for high-income Americans). That's how he claims $1 of tax increases for every $2.50 of spending cuts.

But virtually no serious budget analyst agreed with this accounting. Obama's $4 trillion figure, for instance, includes counting some $1 trillion in cuts reached a year ago in budget negotiations with Congress. So no matter who is the president, the savings are already in the bank.

Moreover, the administration is also counting $848 billion in phantom savings from winding down the wars in Iraq and Afghanistan, even though the administration had long made clear those wars would end.

In other words, by projecting war spending far in the future, the administration is able to claim credit for saving money it never intended to spend. (Imagine someone borrowing $50,000 a year for college — and then declaring that they have an extra $500,000 to spend over the next decade once they graduate.)

- - -

"On Medicare, for current retirees, he's cutting $716 billion from the program. . . . The idea of cutting $716 billion from Medicare to be able to balance the additional cost of Obamacare is, in my opinion, a mistake."

— Romney

Romney accused Obama of taking $716 billion from Medicare. This $700 billion figure comes from the difference over 10 years (2013-2022) between anticipated Medicare spending (what is known as "the baseline") and the changes that the law makes to reduce spending.

Text Only
ENE Xtra
  • Protesters pray for Green family, Hobby Lobby employees

    In addition to praying for the Green family, Bruce Prescott, who served 12 years as pastor at Easthaven Baptist Church in Houston before coming to Oklahoma, said he will pray for the “war on women” to end.

    July 1, 2014

  • Election day tips

    June 24, 2014

  • Booming Oil Town_Hass.jpg Watford City: Bust to boomtown

    This town suddenly finds itself at the epicenter of the Bakken oil boom. A tidal wave of oil money has erased the dusty, forlorn crossroads that once stood here and replaced it with a bustling community. As Watford City marks its 100th anniversary this year, it stands astride a county where more than 8 million barrels of oil — nearly 300,000 a day — were pumped out of the shale in February.

    May 27, 2014 5 Photos

  • Autopsy under way after botched Okla. execution

    Medical examiner's spokeswoman Amy Elliott says the autopsy on 38-year-old Clayton Lockett was being performed Wednesday in Tulsa.

    April 30, 2014 1 Story

  • Execution Drugs Oklah_Hass (1).jpg ACLU seeks moratorium after botched execution

    Oklahoma was using a new drug protocol for the first time in Tuesday night's execution of Clayton Lockett. Department of Corrections Director Robert Patton stopped the execution after about 20 minutes, and Lockett later died of a heart attack.

    April 30, 2014 1 Photo 4 Stories

  • BBQ_2_BH.jpg This town was Smokin' This was the ninth year for Roberts Ranch Smokin’ Red Dirt Barbeque competition, and it’s grown significantly. Here are some photos from Friday and Saturday during the event.

    April 12, 2014 1 Photo

  • Obit Anja Niedringhau_Hass(7).jpg Photo slideshow of acclaimed AP photographer and her photographs Anja Niedringhaus, 48, an internationally acclaimed German photographer, was killed instantly when an Afghanistan police unit commander named Naqibullah walked up to the car, yelled "Allahu Akbar" — God is Great — and opened fire on them in the back seat with his AK-47 in eastern Afghanistan, according to an AP Television News freelancer who witnessed the shooting.

    April 4, 2014 1 Photo

  • muskogee phoenix.tiff Camp Grey Squirrel’s spring camp slated

    Camp Grey Squirrel, Oklahoma’s camp for kids with autism spectrum disorders including Asperger’s, will have its spring family camp from 9 a.m. to 3 p.m. April 12.

    March 27, 2014 1 Photo

  • Autism may be tied to flawed prenatal brain growth

    The structural defects were found in 10 of 11 children with autism, but in only one of 11 children without the disease.

    March 27, 2014

  • U.S. autism estimate rises to 1 in 68 children

    The Atlanta-based agency said its calculation means autism affects roughly 1.2 million Americans under 21. Two years ago, the CDC put the estimate at 1 in 88 children, or about 1 million.

    March 27, 2014