Welfare reform, yes (on the third try). But Newt never balanced the budget. Besides, running on a “Glory of the Clinton Years” platform simply is not a winning strategy for the GOP candidate. Hillary already tried that four years ago.
You're giving Clinton way too much credit. Newt was speaker of the House and pushed Clinton to compromise. Do you really think a balanced budget and welfare reform would have occurred without Newt? Is there really anybody else that could have pressured Clinton like that? I doubt it.