“Gingrich presided over the only balanced budgets in a long time...persuading Clinton to come along, a political fete rare in occurrence.
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Unfortunately, Newt chose to raid the projected $1.5 trillion dollar surplus in the Social Security Funds in 1998 to pay for tax cuts and balance the budget.
http://www.ctj.org/images/gingpr.pdf
“Newt chose to raid the projected $1.5 trillion dollar surplus in the Social Security Funds in 1998”
Those damned tax cuts for the rich...lol
CTJ’s goals include: “fair taxes for middle and low-income families; requiring the wealthy to pay their fair share; closing corporate tax loopholes; adequately funding important government services; reducing the federal debt; [and promoting] taxation that minimizes distortion of economic markets.”[2]
CTJ is generally considered to be a LIBERAL organization.[3][4][5] http://en.wikipedia.org/wiki/Citizens_for_Tax_Justice