FACTCHECK.ORG: CROSSROADS GPS FALSE ATTACK AD ON TIM KAINE 15NOV11

karl rove's and crossroads gps' attack ad on Tim Kaines campaign for Senate in Virginia doesn't stand up to FactCheck's scrutiny. Check this out, click the header to go to the article on the FactCheck.org wegsite....

Shortfall Becomes Deficit

Crossroads is spending $616,000 on an ad in Virgina attacking Democrat Tim Kaine, claiming that as the former chairman of the Democratic National Committee, he was “Obama’s partisan cheerleader” and that he was a “reckless” spender when he served as Virginia’s governor. In the Senate race, Kaine faces Republican challenger George Allen, also a former Virginia governor and a former U.S. senator.
The ad claims: “As Virginia governor, Tim Kaine’s reckless spending turned a budget surplus into a big deficit. Reckless spending, massive debt.” Text in the background reads: “2006: $1.2 billion surplus, 2009: $3.7 billion deficit.”
For backup, Crossroads provided two stories from the Virginian-Pilot. The first story, published on Jan. 8, 2006, just before Kaine took office as governor, stated that the budget “debate centers on whether the $1.2 billion surplus should be used for one-time expenses such as construction rather than to create new programs with recurring costs.” The second story, from Feb. 17, 2009, a year before Kaine left office, states, “In December, Gov. Timothy M. Kaine projected that Virginia faced a $2.9 billion budget shortfall. He increased that estimate to $3.7 billion on Monday based on much-lower-than-expected tax payments.”
But those are misleading snapshots. And shortfalls aren’t deficits.
Virginia adopts a new budget every two years, and amendments are added to it in the odd year to square the numbers. There’s no question that Virginia experienced serious budget shortfalls during the recession due to much lower-than-anticipated revenues. But the shortfall was closed by the end of the biennium. The same Virginian-Pilot story in which Kaine talks about a $3.7 billion shortfall, notes that the stimulus provided $1 billion in budget relief, and that lawmakers were forced to cut $2.7 billion to balance the budget, as required by the state constitution.
Responding to the ad on Nov. 10, Kaine told WVEC ABC 13: “I left office with two balanced budgets that I submitted because you have to, by law, submit balanced budgets.”