U.S. News and World Report: on Budget & Economy


Dick Cheney: Supported Balanced Budget Amendment

Source: (X-ref Education) US News & World Report Jul 11, 1999

Donald Trump: FactCheck: Fed keeps interest rates low, but apolitically

TRUMP: "We are in a bubble right now. The Fed, by keeping interest rates at this level, is doing political things. The Fed is being more political than Secretary Clinton."

THE FACTS: This is a recurrent claim by Trump with no evidence to back it up. It's the Federal Reserve's job to help improve the economy and to the extent that happens, political leaders may benefit. But presidents can't make the Fed, an independent agency, do anything.

Under former chair Ben Bernanke and current chair Janet Yellen, the Fed has attracted controversy by pegging the short-term interest rate it controls to nearly zero for seven years. It is still ultra-low at between 0.25% and 0.5%, a rate that some economists worry could spark a stock-market bubble or inflation. Bernanke was initially appointed by Republican Pres. George W. Bush, and reappointed by Obama.

One reason Yellen is keeping rates low is that, in some ways, she agrees with Trump that hiring needs to keep growing to provide jobs.

Source: U.S.News & World Report on First 2016 Presidential Debate Sep 27, 2016

Gary Jones: Cut budget without losing core services

"We have to be fiscally responsible and cut out all unnecessary expenses, but we also have to have enough revenue to fund core services," Jones said. "If you turn me loose today, I could show you some areas where we could make cuts and not lose core services." Jones said he thinks many state agencies are top heavy with excessive administration, His own agency's budget has been slashed from $5.9 million in 2010 to $2.9 million this year.
Source: US News and World Report on 2018 Oklahoma Governor race May 8, 2017

John Neely Kennedy: FactCheck: Yes, supported ARPA funds for natural disasters

Luke Mixon announced that he'll try to unseat Kennedy in Louisiana's 2022 election. Mixon said he doesn't believe the Republican senator has been representing Louisiana's interests. "Our infrastructure is crumbling and communities are flooding, but Sen. Kennedy voted against billions of dollars to improve our roads and protect Louisiana communities from natural disasters," Mixon said.

OTI FactCheck:: Mixon didn't explain himself, so contrast USNWR's report with Kennedy's response:

Source: OnTheIssues FactCheck on US News & World Report Oct 5, 2021

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Page last updated: Aug 01, 2023