We find this common GOP claim to be false. In his recent appearance on ABC's This Week with Christiane Amanpour
, Senator McConnell was quoting a two year-old talking point as if it was still accurate in 2010.
As reported by FactCheck.org
, Don Stewart, a McConnell spokesman, said
that the "five years" and "ten years" in question began in fiscal year 2008, when the debt held by the public was $5.8 trillion
It seems fair to us to apply McConnell's statement to reality in 2010, since he just made the claim last Sunday. The nonpartisan Congressional Budget Office projects
that the national debt will grow from $9 trillion at the end of 2010 to reach $12 trillion by 2015 (a 39% increase), and $16 trillion in 2020 (a 78% increase), assuming the CBO's baseline scenario. The Congressional Budget Office
is a nonpartisan organization that does not make policy recommendations. Both parties rely on their fiscal and economic data to support their agendas.
While these numbers are certainly large, they are much smaller than those McConnell has suggested. Even measuring from 2008, the year from which this talking point originated, McConnell's claim is larger than the CBO's baseline projection