The Truth About Sarah Palin

THE MYTH: "I found ... someone who stopped government from wasting taxpayers' money." — John McCain, introducing Palin

THE FACTS: Signature accomplishment as mayor: building a $15 million hockey arena that plunged the city into debt. Broke ground on the project without finalizing the city's purchase of the land; the resulting fiasco cost Wasilla $1.3 million — roughly $200 per resident.