“If you add up" Republican budget proposals, they "would add more than $3 trillion to the debt over 10 years.”
FactCheck.org rated this: Cherry Picks
FactCheck.org says: Biden fails to mention Republican spending cuts.
Economy and jobs
1,152 claims on this topic checked by other fact-checking organisations. Topics are sorted by the words in each claim and cover English-language checks.
“Raghuram Rajan said that Indian Economy is deteriorating in a manner similar to that of Sri Lanka’s”
FACTLY rated this: FALSE
FACTLY says: Raghuram Rajan has not made this statement. In fact, he said that India will not be facing the same economic issues as Sri Lanka and Pakistan and lauded RBI for maintaining and increasing foreign exchange reserves
“A photo of customers queuing up at a Bank of Baroda branch in the UAE to close their accounts in response to the bank’s decision to lend to the Adani group despite the Hindenburg report controversy”
FACTLY rated this: MISLEADING
FACTLY says: On 20 January 2023, Bank of Baroda announced that it would be closing its Al Ain branch in the UAE for commercial reasons. According to a statement from the bank’s representative, the decision to close the branch was ma…
“Pakistani men are waiting in lines to run away from the country due to the ongoing economic crisis”
FACTLY rated this: FALSE
FACTLY says: This photo was captured in October 2020 when people in Afghanistan gathered near the Pakistan consulate in Jalalabad. They had gathered to collect tokens needed to apply for a visa.
“If IMF does not give loan to Pakistan #Pakistan the news is hot, the country will not survive, now all those who have passport are trying to run away from the country. There has been a stampede to get a visa to flee abroad. Wow Modiji, what a bet he has played. Without firing a single bullet sitting in Delhi, Pakistan’s mind”
Youturn rated this: Fake
“The “average tax” for billionaires is “about 3%,” which is “a lower tax than a schoolteacher or a firefighter.”
PolitiFact rated this: False
PolitiFact says: This refers to calculations made under a theoretical proposal. Under today’s laws, the 25 highest-earning billionaires paid an average tax rate of 16%.
“In the month since Republicans took the House majority," they are trying to "impose a 30% tax on everything.”
PolitiFact rated this: Mostly False
PolitiFact says: While adding the sales tax, the bill would also end federal taxes on income, payroll, estates and gifts. The bill has limited support in the House. Top Democrats, including President Joe Biden, have pledged to kill it.
“Labor introduced a new beer tax”
RMIT ABC Fact Check rated this: Misleading
RMIT ABC Fact Check says: Mr Wood's claim is misleading. Although the federal tax on beer has increased, this was the result of regular, automatic indexation that occurs in line with inflation. In other words, when the cost of living increases, …
“Wipro’s share price fell by 45% and wiped out Rs 2 lakh crore worth of investors’ wealth recently. Yet no one demanded a JPC on Wipro.”
Youturn rated this: Misleading
“China Is Not Ready To Amortize SL’s Outstanding Debt!(letter)”
Fact Crescendo Sri Lanka rated this: False
“In 2010, (Wisconsin Republicans) inherited a multi-Billion dollar deficit … Today we are looking at a projected surplus approaching 7 Billion.”
PolitiFact rated this: Mostly True
“The largest contributor to the debt ceiling, or to our deficit, has been the Trump tax cuts.”
PolitiFact rated this: False
PolitiFact says: Trump’s tax cut added significantly to the federal debt. But three other bills are expected to add nearly as much or more to the debt, and each received Democratic support.
“Has Argentina Issued A New Currency With Messi’s Image?”
Fact Crescendo Sri Lanka rated this: False
“Republicans “want to impose a 30% national sales tax on everything from food, clothing, school supplies, housing, cars -- a whole deal.”
FactCheck.org rated this: Few Publicly Support It
FactCheck.org says: As of Jan. 27, the FairTax Act had 24 Republican co-sponsors in the House. But at least six House Republicans have already said that they oppose the bill -- enough to keep it from passing.
“The Philippines is leading [in] economic recovery and performance not only in the Asia-Pacific but also in the world.”
Vera Files rated this: False
Vera Files says: In Southeast Asia alone, the Philippines’ gross domestic product (GDP) is the eighth slowest to recover from the recession brought by the COVID-19 pandemic, data from the IBON Foundation show. Data from the ASEAN Statis…
“A video shows people in a scuffle over a bag of flour amid rising inflation.”
Soch Fact Check rated this: Misleading
“Two years ago this week, 18 million people were out of work needing unemployment benefits. Today, that number is under 1.6 million, the lowest in decades.”
PolitiFact rated this: Half True
PolitiFact says: The 18 million figure accurately represents traditional unemployment insurance recipients plus those who benefited from temporary programs during the coronavirus pandemic. But the two aren't precisely comparable.
“One quarter” of today’s $31.4 trillion federal debt “was accumulated in the four years of my predecessor,” Donald Trump.”
PolitiFact rated this: Half True
PolitiFact says: Biden's number is accurate, but assigning debt to a particular president is tricky.
“The World Economic Forum hired “unvaccinated pilots” to fly people into Davos, Switzerland, for its annual meeting for safety reasons.”
PolitiFact rated this: False
“Social Security has nothing to do with the deficit or the national debt.”
PolitiFact rated this: Mostly False
PolitiFact says: When Social Security runs a deficit, it relies on its reserve funds that the Treasury Department holds in government bonds. Treasury has to borrow money to repay the bonds, which adds to the federal deficit.