Mitt Romney said President Obama failed to keep his promise to cut annual deficits in half, which is true, but the Republican nominee's suggestion he would balance the budget requires another look.
Even the austerity budget put forward by Romney's running mate, Paul D. Ryan, does not balance the budget in four years. Or eight. The budget would turn from deficit to surplus by 2040, according to the nonpartisan Congressional Budget Office, as cited in Ryan's budget blueprint, the Path to Prosperity.
"I'm going to get us to a balanced budget," Romney said, when asked how he differed from former Republican President George W. Bush. "President Bush didn't."
Romney dinged Obama for failing to keep his pledge to cut annual deficits, saying the nation's debt load had risen from $10 trillion to $16 trillion during his administration, which is true.