PolitiFact misses the elephant in the Room. George Allen says Bush era *budgets* would balance. [View all]

[underpants]

"When I left the Senate, we were on a trajectory towards a balanced budget."

George Allen on Saturday, July 21st, 2012 in a debate.




http://www.politifact.com/virginia/statements/2012/aug/07/george-allen/george-allen-says-us-was-path-balanced-budget-when/

Republican George Allen says the federal budget was in decent shape when he left the U.S. Senate in January 2007.

Our ruling

Allen, trying to refute charges he voted to run up federal deficits, said the U.S. was "on a trajectory towards a balanced budget" when he left the Senate in 2007.

Allen’s campaign cites a 2007 CBO report that said Washington was on the road to budget surpluses, starting in 2012. But those projections were based on the assumption that the Bush tax cuts would end as scheduled in 2010. And Allen has maintained since at least 2006 that the tax reductions should be made permanent.



---Okay but what ELSE is missing? Remember Allen is trying to make this about the Annual Federal Budget which is different that the total debt (which is an accumulation).

What's missing from Bush era discussions about the BUDGET?
What was never IN the budget?