Tag Archives: surplus

Did Gingrich ‘Slash’ Federal Spending?

Posted on January 20, 2012

Winning Our Future’s new TV ad falsely claims Newt Gingrich “slashed” spending in his four years as House speaker. Federal spending went up 18 percent from 1995 to 2000, the time frame mentioned in the ad. In addition, the ad credits Gingrich for “record-breaking surpluses.” There were surpluses for four …
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The $79 Billion Iraqi Surplus, Reconsidered

Posted on October 13, 2008

We’ve criticized both Barack Obama and Joe Biden several times now for claiming that the U.S. is spending $10 billion a month to Iraq while that nation is sitting on a $79 billion surplus. We wrote that the $79 billion figure was out of date because Iraq had since passed a …
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