9-11, 2 wars, Clinton's recession, Enron, 6 major hurricanes

Discussion in 'Economy' started by JRK, Jul 15, 2011.

  1. JRK
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    JRK Senior Member

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    Turned the GOPS surplus into a deficit


    Newt Gingrich and company -- for all their faults -- have received virtually no credit for balancing the budget. Yet today's surplus is, in part, a byproduct of the GOP's single-minded crusade to end 30 years of red ink. Arguably, Gingrich's finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.

    https://www.cato.org/dailys/10-08-98.html
     

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