Showing posts with label Federal Budget. Show all posts
Showing posts with label Federal Budget. Show all posts

Thursday, September 22, 2022

PolitiSpin: Biden says he cut the debt by $1.5 trillion? Half True!

We kiddeth not when we call PolitiFact a collection of liberal bloggers posing as non-partisan fact checkers.

U.S. debt hasn't gone down at all under Biden, as PolitiFact admits. PolitiFact cited a September 2022 estimate saying the deficit, not the debt, would decrease by about $1.7 trillion compared to FY2021, but that leaves a deficit of almost $1 trillion that will increase the debt by that same amount.

So, how does a left-leaning fact checker go about making a false statement seem like a partially true statement that leaves out important details or takes things out of context?

Watch and learn, wannabe liberal bloggers who covet the "fact checker" label:

"We’ve also reduced the debt and reduced the debt by $350 billion my first year," Biden said. "This year, it's going to be over $1.5 trillion (that we’ve) reduced the debt."

Biden has a point that his administration has presided over smaller deficits than were seen under the Trump administration, based on Congressional Budget Office estimates. But Biden’s remark leaves out important context. The debt had risen because of a temporary phase of unusual federal spending.

No Reduction of U.S. Debt

It's simple. Declare that when Biden says he reduced the debt by $1.5 trillion he's actually making a valid point about reducing the deficit and therefore reducing the growth of the debt. Then imply that the problem with Biden's claim isn't using "debt" instead of "deficit" but that he has left out the fact that most of the deficit reduction happened as old COVID programs stopped shelling out so much federal money.

We're probably not supposed to point out that PolitiFact omits all mention of Mr. Biden's student loan forgiveness program. The CBO said, on the page PolitiFact cited for its deficit figure, loan forgiveness actions in September 2022 could substantially affect deficit figures for FY2022.

That's what a liberal blogger will leave out that a nonpartisan fact checker will mention.

What About Biden's Underlying Point?

PolitiFact has reliably (?) informed us that the most important aspect of a numbers claim comes from the speaker's underlying point. If the numbers are off but the main point stands, a favorable "Truth-O-Meter" rating may result.

 Adair:

(W)e realized we were ducking the underlying point of blame or credit, which was the crucial message. So we began rating those types of claims as compound statements. We not only checked whether the numbers were accurate, we checked whether economists believed an office holder's policies were much of a factor in the increase or decrease.

It turns out in the Biden fact check PolitiFact found Mr. Biden was taking credit for the non-existent debt reduction:

During a Sept. 18 interview with CBS’ "60 Minutes," President Joe Biden touted his administration’s efforts to rein in federal debt.

We judge that if PolitiFact believed Biden was touting "his administration's efforts to rein in federal debt" then it regards his debt reduction claim was an effort to take credit for that supposed reduction.

So, was it a Biden administration effort that reduced the deficit (not the debt) by $1.5 trillion compared to FY2021?

PolitiFact (bold emphasis added):

Spending programs passed earlier in the pandemic began expiring this year, meaning federal outlays have declined. The Committee for a Responsible Federal Budget, a nonprofit public policy group, has estimated that more than 80% of the $1.7 trillion reduction in the deficit can be explained by expiring or shrinking COVID-19 relief.
We calculate that as $1.35 trillion out of the $1.7 trillion, leaving Biden with the potential to claim credit for as much as $350 billion of the deficit reduction. Giving the president credit for the entire amount results in an estimated exaggeration (minimum) of 329 percent (($1.5 trillion-$.35 trillion)/$.35 trillion).

So Biden claimed debt reduction that was not debt reduction and exaggerated his administration's share of the deficit reduction by over three times its actual amount. Therefore, according to PolitiFact, what he said was half true.

The 'Slowing the Rate of Growth' Excuse

PolitiFact cleverly, or perhaps stupidly, excuses Biden's use of "debt" instead of "deficit" by interpreting the claim to mean slowing the growth of the debt. PolitiFact could argue precedent for that approach, for claims about "cutting Medicare" or "cutting Medicaid" tend to receive "Half True" ratings or worse (worse tends to happen if Republican).

The problem? Biden got the "Half True" while exaggerating the numbers in his favor for purposes of claiming credit. And that's with PolitiFact helping out by not mentioning the potential cost of his student loan bailout proposal. The Penn Wharton budget model (University of Pennsylvania) estimated costs of over $500 billion for 2022.

That figure would wipe out the administration's potential share of $350 billion of deficit reduction.

The "slowing the rate of growth" excuse doesn't come close to justifying a "Half True" rating.

We have here another strong entry from PolitiFact for the Worst Fact Check of 2022.

Sunday, February 23, 2020

PolitiFact absurdly charges Pete Buttigieg with "bad math"

PolitiFact gave some goofy treatment to a claim from Democratic presidential candidate Pete Buttigieg.

Buttigieg compared the 10-year unpaid cost of fellow candidate Bernie Sanders' new spending proposals to the current U.S. GDP.

PolitiFact cried foul. Or, more precisely, PolitiFact cried "bad math."


Note that PolitiFact says Buttigieg did "bad math."

PolitiFact's fact check never backs that claim.

If Buttigieg is guilty of bad anything, it was a poor job of providing thorough context for the measure he used to illustrate the size of Sanders "budget hole." Buttigieg was comparing a cumulative 10-year budget hole with one year of U.S. GDP.

PolitiFact notwithstanding, there's nothing particularly wrong with doing that. Maybe Buttigieg should have provided more context, but there's a counterargument to that point: Buttigieg was on a debate stage with a sharply limited amount of time to make his point. In addition, the debate audience and contestants may be expected to have some familiarity with cost estimates and GDP. In other words, it's likely many or most in the audience knew what Buttigieg was saying.

Let's watch PolitiFact try to justify its reasoning:
But there’s an issue with Buttigieg’s basic comparison of Sanders’ proposals to the U.S. economy. He might have been using a rhetorical flourish to give a sense of scale, but his words muddled the math.

The flaw is that he used 10-year cost and revenue estimates for the Sanders plans and stacked them against one year of the nation’s GDP.
PolitiFact tried to justify the "muddled math" charge by noting Buttigieg compared a 10-year cost estimate to a one-year figure for GDP.

But it's not muddled math. The 10-year estimates are the 10-year estimates, mathematically speaking. And the GDP figure is the GDP figure. Noting that the larger figure is larger than the smaller figure is solid math.

PolitiFact goes on to say that the Buttigieg comparison does not compare apples to apples, but so what? Saying an airplane is the size of a football field is also an apples-to-oranges comparison. Airplanes, after all, are not football fields. But the math remains solid: 100 yards equals 100 yards.

Ambiguity differs from error

In fact-checking the correct response to ambiguity is charitable interpretation. After applying charitable interpretation, the fact checker may then consider ways the message could mislead the audience.

If Buttigieg had run a campaign ad using the same words, it would make more sense to grade his claim harshly. Such a message in an ad is likely to reach people without the knowledge base to understand the comparison. But many or most in a debate audience would understand Buttigieg's comparison without additional explanation.

It's an issue of ambiguous context, not "bad math."



Correction Feb. 26, 2018: Omitted the first "i" in "Buttigieg" in the final occurrence in the next-to-last paragraph. Problem corrected.