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Fact-checking the vice presidential debate

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    Doug McKelway reports from Washington, D.C.

  • Duration 3:52
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Novelist William Faulkner said -- truth.

Really don't have much to do with -- each other.

And an observer might add -- where does that imply more than in politics tonight correspondent -- Callaway takes a look at the facts and the truth.

From the vice presidential debate.

They are the facts.

They are the facts.

Vice President Biden used the word fact or facts is 26 times last night congressman Ryan used the word wants -- but neither -- board total fidelity to the truth.

We had one exchange the vice president suggested that seniors receive more benefits under obamacare than Medicare for senior out there ask yourself.

Do you have more benefits today you do with the vice president's statement was false according to data from the Congressional Budget Office.

The CBO says that for every 500 dollars obamacare spends on preventive services and prescription drugs.

It -- the rest of Medicare by 7385.

Dollars a cut to spending ratio of nearly fifteen to one.

Another question over obamacare -- produce this clash of opinions they.

Their own actuary from the administration came to congress and said.

One out of six hospitals and nursing homes are gonna go out of business as a result of this -- seven -- is -- is Biden is wrong if one assumes that becoming unprofitable equates to going out of business if the Obama administration's own Medicare actuary Richard Foster told the House Budget Committee quote.

Our simulations suggest that roughly 15% of hospitalization providers would become unprofitable within the ten year projection as a result of the spending cuts.

As to whether the expiration of bush era tax cuts will lead to higher taxes on small business owners as congressman Ryan has maintained good Biden said this.

37% of the small business America pay less that make less than 250000.

Dollars for the tell you some of those other small business like hedge funds.

To make six to 800.

Million dollars a year.

That that -- count as small business because -- passed through.

But according to IRS data a majority of small businesses pay taxes using individual rates so high for high wagers -- an effect a hike in the small business tax rate.

Mostly true for Ryan.

But not so this comment from the Wisconsin congressman on Iran's nuclear capabilities when Barack Obama was elected.

They had enough fissile material.

Nuclear material to make one -- -- they have enough for five.

That's false according to most estimates experts believe that Iran has not yet produced enough thistle material to produce one bomb let alone fly.

The -- also scuffled over Obama -- mandate that requires Catholic institutions to provide insurance coverage that includes abortion drugs as well as contraceptives and sterilization.

They're infringing upon our first.

Freedom the freedom -- religion.

By infringing on Catholic Charities Catholic church's Catholic hospitals no religious institution Catholic or otherwise.

Including -- social services Georgetown hospital mercy out any hospital.

None has to -- refer cut -- contraception.

None has to pay for contraception.

And none has to be -- vehicle to get contraception.

In any insurance policy -- fight that is a fact.

It is not a fact the US conference of Catholic bishops said today the exemption that Biden mentioned is narrow and does not cover religious charities that extend services to -- Last night's fight over abortion and governor Romney's potential picks for the Supreme Court produce one notable embellishment by the vice president.

And things like -- to appoint someone.

Like Scalia.

Or someone else on the court far right that would outlaw.

-- -- should outlaw abortion.

I -- I suspect that would happen quite as response there rates -- on the deceit factor even if a president Romney were to appoint pro life justices who would overturn roe -- way.

Such a ruling would not outlaw abortion it would just returned the decision to the individual states.

-- more on this panel Doug thank you.

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