In Businessweek, Rand Paul told Josh Green:
Rand Paul: You know, the thing is, people want to say [my budget is] extreme. But what I would say is extreme is a trillion-dollar deficit every year. I mean, that’s an extremely bad situation. [more here]
Rand Paul’s claim is that Obama is running “a trillion-dollar deficit every year”.
Looking at this in chart form looks like this:
[Chart modified from http://prospect.org/article/rand-paul-doesnt-know-what-hes-talking-about-charts]
So while Rand Paul did claim Obama was running “a trillion-dollar deficit every year” when in fact it is at $642 and dropping, we rate his statement as Close Enough, because really he’s only off by a measly $400 billion.
Check out all the TeaPartyCat fact checks here.