http://www.usgovernmentdebt.us/spending_chart_1992_2000USr_13s1li111mcn_H0t
No, I don’t lie.
Call for my zotting, but there were no balanced budgets under Newt’s Speakership.
Gross public debt, increased every year.
1992- 4.98 trillion
1993- 5.37 trillion
1994- 5.72 trillion
1995- 6.04 trillion
1996- 6.35 trillion
1997- 6.59 trillion
1998- 6.76 trillion
1999- 6.97 trillion
2000- 7.08 trillion
Under the Clinton administration, gross debt increased 42 percent.
Newt was speaker for the 1995,1996,1997,1998 budgets. Under him the gross debt increased 12 percent, and government spending went up from 2.63 trillion to 2.92 trillion, or 11.4 percent, or a rate of 2.85 percent a year increase.
Not only did he fail to produce a decrease in the gross debt, he also increased spending every year he was in power. The last time that spending was cut - it was halved in the 1946 and 1947 budgets.
Also, zero percent of the spending increase was defense. Defense was allocated the same amount in 1992 as it was in 2000. Defense in 1992 was allocated 350 billion dollars, and was just 330 billion dollars in 1999. So in actuality, defense was cut 10 percent in the clinton years, not accounting for inflation. Accounting for inflation, the military spending should have increased 25 percent. The military was cut 40 percent during the Clinton administration, through the cuts to the defense budget and inflation.
In reality - Clinton administration and Newt’s term as speaker saw defense cuts and increases in domestic spending every year he was in power. Gross debt increased every year that Newt was Speaker and has for every year since 1947.
LOL, I could care less about your inability to understand the Debt situation.
Your warning was for other statements that were blatant lies re: gingrich. I suggested you simply prop up Sanitorum instead of lying about Gingrich. I’ll let those statements go without reproducing them, in hopes that you’ve come to some sanity.
..
Now as far as your listing of the gross public debt. That is misleading because the increase comes due to interest on the Debt.
Gingrich was Speaker when for several consecutive years the amount of incoming revenue was more than the amount of pure (non interest) spending.
So, the reality is that payments were made against the principal of the Debt.