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Fact checking the Hofstra debate

OBAMA: "Let's take the money that we've been spending on war over the last decade to rebuild America, roads, bridges, schools. We do those things, not only is your future going to be bright, but America's future is going to be bright as well."  THE FACTS: What Obama didn't mention is that much of the money that has been paying for the wars in Iraq and Afghanistan was borrowed. In fact, the government borrows nearly 40 cents for every dollar it spends. Thus, using money that had been earmarked for wars to build schools and infrastructure would involve even more borrowing, adding to the federal deficit.
October 17, 2012 2:45:20 AM PDT