“Raising the debt limit is paying our old debts. It has nothing to do with new spending.”
What PolitiFact found
New spending initiatives, such as the two bills Biden is currently backing in Congress, were not the immediate cause of the debt limit increase that Democrats in Congress enacted. But they aren’t entirely irrelevant.
Their words, from the summary they publish with the rating.
In short
Joe Biden (president) made this claim around 6 October 2021. PolitiFact (United States) looked into it and published its finding on 13 October 2021, 7 days later. Its rating was “Mostly True”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
Where the claim appeared
- whitehouse.govhttps://www.whitehouse.gov/briefing-room/speeches-remarks/2021/10/06/remarks-by-president…
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.