John Boehner’s misfire on pending federal regulations

The Pinocchio Test

Boehner left the distinct impression that 219 new regulations were hanging like a Sword of Damocles over the U.S. economy. But it turns out the number of potential regulations is inflated, as well as the potential impact. Many of the regulations may turn out to have substantial costs, but others could have benefits, as a report on the speaker’s Web site makes clear. Boehner wins points for admitting he may have overstated his case, but overall his statement contained significant factual errors.

Three Pinocchios