(CNN) - Discussing the budget deficit on Capitol Hill on Monday, Senate Majority Leader Harry Reid revived a long-running debate over the effectiveness of so-called "pay-as-you-go" spending rules.
"With pay-go we have some experience," declared Reid, D-Nevada. "We know it works. It worked during the Clinton years. We paid down the national debt as the result of what happened during the Clinton years. Pay-go was dismissed during the Bush years."
President Barack Obama signed legislation last month that requires the government to offset any spending increases with spending cuts or tax increases. A similar law was in effect in the 1990s.
Fact Check: Did "pay-go" pay down the national debt during the 1990s?
Get the facts and the bottom line after the jump:
(CNN) - By a lopsided vote of 406 to 19, the House of Representatives has voted to repeal a law that protects health insurance companies from federal antitrust prosecution. Backers of repealing the exemption say it would inject new competition into the health insurance industry and reduce premiums, but its prospects of passing the Senate are uncertain.
Fact Check: Would eliminating health insurance companies' antitrust protections cut premiums?
(Get the facts and the bottom line after the jump)
(CNN) - President Obama declared on Wednesday that Democrats can be trusted on the budget because, "the last time the budget was balanced was under a Democratic president."
Fact Check: Who was president the last time the budget was balanced?
– The U.S. government suffered budget deficits every year from 1970 through 1997.
- Democrat Bill Clinton was president in 1998, when the government finally recorded a surplus.
- There also were budget surpluses in 1999, 2000 and in 2001. 2001 was the last year the Clinton administration proposed the budget.
- Republican George W. Bush succeeded Clinton in 2001. The United States had a budget deficit in 2002, and it has recorded budget deficits every year since. The deficit is projected to increase substantially this year under President Barack Obama.
- Republicans say they should get at least some of the credit for the balanced budgets during the Clinton administration, because Republican majorities controlled both the House and Senate.
Read the bottom line after the jump.
Were there more cloture votes in the Senate last year than in all of the 1950s and 1960s combined? (Photo Credit: Getty Images/File)
(CNN) - President Barack Obama Wednesday accused Republicans of packing "20 years of obstruction into one." Speaking to Senate Democrats, he declared, "You had to cast more votes to break filibusters last year than in the entire 1950s and '60s combined."
Fact Check: Were there more cloture votes in the Senate last year than in all of the 1950s and 1960s combined?
(CNN) - In his State of the Union address, President Barack Obama told Americans that he will visit Tampa, Florida: "...where workers will soon break ground on a new high-speed railroad funded by the Recovery Act."
The CNN Fact Check Desk found that Florida is one of several states that will share $8 billion in federal stimulus funds for high-speed passenger train corridors. But according the Florida Department of Transportation, construction won't begin until October of 2011, more than a year and a half from now. Is that soon?
The first phase of the new railroad, a segment running from Tampa to Orlando, is scheduled to be completed in 2014.
The Miami Herald reports that Florida requested $2.5 billion for the project, but Florida will only receive a $1 billion of that money this year.
(CNN) - In his State of the Union address Wednesday night, President Barack Obama picked up on the health care theme with a bleak prediction, saying: "By the time I'm finished speaking tonight, more Americans will have lost their health insurance. Millions will lose it this year."
Will millions of Americans lose health insurance in 2010?
The CNN Fact Check Desk found that the answer may depend on how much higher the unemployment rate goes.