WHO STRETCHES THE TRUTH?

TIME lays out the facts behind what both candidates said during the first match-up

[Kerry]

ON HOMELAND SECURITY: "The President hasn't put one nickel ... into the effort to fix some of our tunnels and bridges and most exposed subway systems. That's why they had to close down the subway in New York when the Republican Convention was there."

In fact, Bush has spent 2.3 billion nickels ($115 million) on transit security in the past two years, even if that is chump change compared with the aviation-security budget: 106 billion nickels ($5.3 billion this year alone). As for New York City subway trains, they ran normally during the Republican National Convention, except for a few...