FACT CHECK: Presidential debate missteps

[Tigress DEM]

2. Fact Checker is full of **it.

BECAUSE of the HUGE deficit, any money we do NOT have to borrow decreases our spending.... on INTEREST since we can't even TOUCH the principal yet.

WHAT does the fact checker THINK we pay back the INTEREST on those LOANS with - tinker toys? Pop tarts? CASHOLA, baby, out of pocket.

OBAMA: It's important "that we take some of the money that we're saving as we wind down two wars to rebuild America."

THE FACTS: This oft-repeated claim is based on a fiscal fiction. The wars in Iraq and Afghanistan were paid for mostly with borrowed money, so stopping them doesn't create a new pool of available cash that can be used for something else, like rebuilding America. It just slows down the government's borrowing.