From FactCheck.Org:
... we find that the president has occasionally made claims that put him and his policies in a better light than the facts warrant. He has claimed that private economists agreed with the forecast in his budget, when they were really more pessimistic. He's used Bush-like budget-speak trying to sound frugal while raising spending to previously unimagined levels. And he has exaggerated the problems his proposals aim to cure by misstating facts about school drop-out rates and oil imports ... [more]
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