MISLEADING CLAIM #5: Barack Obama Will Pay For His Massive Spending Increase. OBAMA: "Now, many of these plans will cost money, which is why I've laid out how I'll pay for every dime -- by closing corporate loopholes and tax havens that don't help America grow. But I will also go through the federal budget, line by line, eliminating programs that no longer work and making the ones we do need work better and cost less -- because we cannot meet twenty-first century challenges with a twentieth century bureaucracy." (Barack Obama, Remarks, Denver, CO, 8/28/08)
· Barack Obama: "I Do Not Make A Promise That We Can Reduce [The Budget Deficit] By 2013." "'I do not make a promise that we can reduce it by 2013 because I think it is important for us to make some critical investments right now in America's families,' Obama told reporters this week when asked if he'd match McCain's pledge." (Nedra Pickler, "Analysis: Obama Won't Try For McCain's Budget Goal," The Associated Press, 7/8/08)
· Chicago Tribune: Barack Obama Has "No Interest In Eliminating Deficit Spending." "Since winning the nomination, Obama reportedly has been moving toward the middle of the political spectrum. But on the budget, he still sounds left of center, with no interest in eliminating deficit spending." (Editorial, "Failure Of Nerve," Chicago Tribune, 7/8/08)