- Infowars - http://www.infowars.com -
Ron Paul slams Newt for fudge claim: ‘I balanced the budget’
Posted By kurtnimmo On January 30, 2012 @ 4:23 am In U.S. News | Comments Disabled
January 30, 2012
When Newt Gingrich boasted that Congress balanced the budget four times when he was House Speaker, Rep. Ron Paul (R-Texas) pounced.
“I went back and looked at the record. The national debt during those four years actually went up about a trillion dollars. What he’s talking about is he doesn’t count the money he takes out of Social Security,” Paul said. “So [neither] Reagan nor you had a truly balanced budget, because the national debt goes up and that’s what we pay the interest on.”
Gingrich responded: “Under the system that was used, we were $405 billion in balance.”
At this point, the audience began to boo Gingrich.
“I agree with Ron. Let me finish,” Gingrich said testily. “I actually agree with you and I have proposed that we take Social Security off budget.”
The Paul campaign sent out a release moments later with the headline: “Another Fudged Fact By Newt: ‘I balanced the budget.’”
FACT: The National Debt went up nearly $1 trillion while he was Speaker
(Source: Treasury Direct.gov)
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/newt-caught-fudging-i-balanced-the-budget/
Copyright © 2013 Infowars. All rights reserved.