Bass v 2.0
Biblical Warrior For God.
A Bump for Newt is a vote for Newt! lol
Shut your trap you rightwing human debris, try doing some factchecking, Gingrich himself balanced nothing:
Newt Gingrich’s Pinocchio-laden debut - The Fact Checker - The Washington Post
To balance the budget as we did for four years when I was speaker, to reform entitlements, as we did with welfare, when I was speaker, and that's a great future . It took us three years [to balance the budget]. We then balanced it for four consecutive years. We paid off $405 billion in debt. Nobody thought we could do it when it started. We did it.
Listening to Gingrich, you would be forgiven for forgetting there was a president (Bill Clinton) in office at the time the nation starting running a budget surplus.
Gingrich is right to assert that he and the Republican Congress prodded Clinton to move to the right and embrace such conservative notions as a balanced budget and welfare reform. (Clinton vetoed two versions of welfare reform before signing the bill, prompting some key staff members to resign in protest.)
But the budget was balanced in part because of a gusher of tax revenues from Clintons 1993 deficit reduction package, which raised taxes on the wealthy and which Gingrich vehemently opposed. The budget was also balanced because the Democratic White House and Republican Congress were in absolute legislative stalemate, so neither side could implement grand plans to increase spending or cut taxes. (Look what happened with tax cutsand the surpluswhen a Republican president followed Clinton.)
Gingrich is wrong to claim there were four years of balanced budgets when he was speaker. He left in January 1999; the budget ran a surplus in the fiscal years of 1998, 1999, 2000 and 2001. So he can at best claim two years.
As for reducing the debt by $405 billion, our math from looking at the White House historical tables shows that the publicly-held debt fell $450 billion during the surplus years. (Look on page 134) But much of this was when Gingrich was no longer speaker. Even during the surplus years, however, the gross debt (including bonds issued to Social Security and Medicare) rose by $400 billion. Gross debt is the figure that conservative tend to use.
During Gingrichs time as speaker, the public debt was essentially flat and the gross debt rose $700 billion.
You believe anything anyone from the right says, shows just how naive and intellectually retarded you are.