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

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


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.

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate