AP FACT CHECK: Pence on national debt
WASHINGTON (AP) A claim from the vice presidential debate between Republican Mike Pence and Democrat Tim Kaine, and how it stacks up with the facts:
PENCE: “The fact that under this past administration, we’ve almost doubled the national debt is atrocious…. Hillary Clinton and Tim Kaine want more of the same.”
THE FACTS: As a share of the total U.S. economy, the national debt has gone up 35 percent, not a doubling.
Still, the debt has ballooned to $19.6 trillion. This largely reflected efforts by the Obama administration to stop the Great Recession.
Would Clinton similarly increase the debt? Not according to an analysis by the independent Committee for a Responsible Federal Budget.
The Clinton plan with its tax increases would increase the gross debt both privately and publicly held by $450 billion over 10 years. Mind you, that is on top of an $8.8 trillion increase already projected by the government under current law.
As for Trump, the committee says his tax-cut-heavy plan would increase the gross debt by $4.3 trillion nearly 10 times more than Clinton’s plan would do.
Contributed by Associated Press economics writer Josh Boak.