"I've put forward a specific $4 trillion deficit-reduction plan," President Obama said during his debate with Mitt Romney on Wednesday night. "It's on a website. You can look at all the numbers, what cuts we make and what revenue we raise."
ABC's Jon Karl correctly calls Obama's claim "mostly fiction."
The Washington Post’s Glenn Kessler has also noted Obama's claim is "simply not accurate," and pointed out that “virtually no serious budget analyst agreed” with the administration’s accounting. Andrew Stiles of the Washington Free Beacon has more on Obama's false budget claim:
Keith Hennessey, a former director of the National Economic Council, estimated the true value of Obama’s deficit reduction—minus these gimmicks—to be about $2.8 trillion, and called even that reduced figure a "generous" assessment.
“Have any of you all met Paul Ryan? We should get him to come to the university. I’m telling you this guy is amazing. ... He is honest, he is straightforward, he is sincere. And the budget that he came forward with is just like Paul Ryan. It is a sensible, straightforward, serious budget and it cut the budget deficit just like we did, by $4 trillion. … The president as you remember, came out with a budget and I don’t think anybody took that budget very seriously. The Senate voted against it 97 to nothing."