Newt’s Balanced Budget Claim Doesn’t Add Up

Newt Gingrich.<a href="http://www.flickr.com/photos/gageskidmore/5438140228/sizes/z/in/photostream/">Gage Skidmore</a>/Flickr

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Questioned by Fox News’ Bret Baier on his conservative credentials at Thursday’s GOP debate in Iowa, Newt Gingrich made a curious claim: As Speaker of the House, he said, he’d balanced the federal budget four times. It’s a claim he’s made before—in a video on his campaign website, and on the stump. But as Politifact notes, it’s false: Although Congress did pass balanced budgets for four straight years beginning in the late 1990s, the latter two came after Gingrich had resigned from the House and he’d played no part in crafting them.

Per Politifact:

The federal budget runs on a fiscal year calendar that begins October 1 and ends September 30. During fiscal years 1996 and 1997—the first two that Gingrich helped shape as speaker—there were deficits, of $107 billion in 1996 and about $22 billion in 1997.

By fiscal year 1998, the federal budget did reach a surplus of $69 billion. And in fiscal year 1999—which Gingrich can claim some responsibility for, even though he was out as speaker for most of the fiscal year—it was in surplus as well, to the tune of $126 billion.

But that’s only two balanced budgets he can claim credit for. The federal government did run four consecutive surpluses, but for the last two of those—fiscal years 2000 and 2001—Gingrich was no longer serving in the House.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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