Newt Gingrich had a successful period as Speaker of the House of representatives in which he balanced the budget AND had a surplus. During that time, the surplus went against whatever deficit there was, so he can also legitimately claim to have lowered the deficit.
The deficit this year is about a trillion dollars.
Would you prefer that or Newt’s final, personally overseen budget that had over 125 billion in surplus? Additionally, the first two years of Newt’s speakership, the deficit nosedived to 100 billion and then to 22 billion. Then he had his 2 surpluses, and then based on his policies, the next two years were also surpluses.
There is nothing else like it in recent history; it was a huge triumph of conservatism, and we’ve got folks running around trying to bad-mouth it because of some candidate they happen to like better than Gingrich.
Bad-mouthing that great conservative success injures conservatives in general and their own candidate and belief system, if you think about it.
“Would you prefer that or Newts final, personally overseen budget that had over 125 billion in surplus? Additionally, the first two years of Newts speakership, the deficit nosedived to 100 billion and then to 22 billion. Then he had his 2 surpluses, and then based on his policies, the next two years were also surpluses.”
And you are arguing that Newt, and only would be able to do the same as President?
What’s to stop Gingrich from going all wobbly on us and reaching across the aisle to Pelosi, et al?
I didn't catch the last debate. I watched the Pacqiao V. Marquez fight instead (it was great!). However, I just saw this clip on Hot Air from the debate. It is tough to not like a guy who treats the press like this and answers questions so forcibly.
http://hotair.com/archives/2011/11/12/video-gingrich-schools-pelley-on-rule-of-law-on-terrorists/
I highly recommend seeing the clip.
>> “Newt Gingrich had a successful period as Speaker of the House of representatives in which he balanced the budget AND had a surplus. During that time, the surplus went against whatever deficit there was, so he can also legitimately claim to have lowered the deficit.” <<
.
That is about as false of a statement that can possibly be made.
Noot’s “surplus” used excess SS payroll receipts to hide spending, and also ignored debt service payments that were financed by further debt.
No reduction of debt occured.